I agree. The Flip is cool in part because not only can it record video quickly and easily, it's price tag is within the range that students can afford (without the burden of a $100 monthly contract for 24 months), and it has everything that it needs in one piece to boot - no carrying an extra cable, etc. It seems to me that it's kids who make many of the goofy videos that end up on YouTube, Facebook, etc. And while I wouldn't mind too much if the battery on the Flip went low, it'd piss me off if it meant that my iPhone wasn't able to last long between charges. I'd rather my phone stay powered up rather than take goofy videos and blow the battery.
But I suppose we'll see.