Rob de la Cretaz has posted a new review: Air Cam Live Video for the iPhone and iPod touch is a great application for viewing your live webcam feeds over local, Wi-Fi or 3G and EDGE networks.

Installing the software is a dream, and my setup was relatively flawless. You can optimize your feed by adjusting both the audio and the video.

Watching video over a local network was great, though I did notice two- to five-second delays. The image quality is far better than I was expecting however so I’d say that it is a small price to pay for such a minor lag.