Watch out iMovie, the new and free Vimeo app is right on your tail! Released today, the Vimeo app is packed with awesome video editing features (like focus, grids, trimming, music, transitions, titles, effects, and more) and makes it super easy to upload your mobile creation right to your Vimeo page.
You can browse Vimeo videos, download already-uploaded vids to your iPhone camera roll, edit titles, descriptions, and tags, share with your social networks (Facebook, Tumblr, etc.), and even get page stats to see how many people are actually watching your videos. The app is free and available now for downloading on your iPhone 3GS or later (with iOS 4.0+), so get it and tell us what you think! Want more eye candy? Check out some more screenshots in the gallery.