Redbot Software Inc, a SF Bay Area based software company announced today the release of its iPhone app, Time Lapse Photo Journal, on the iTunes App Store. The Time Lapse Photo Journal App allows iPhone and iPod touch users to create Photo Journals of their lives, by adding photos of themselves or loved ones, and then playing back the photos they take over the weeks, months or years, as Time Lapse video slideshows. Videos can be uploaded to Facebook and YouTube to share with friends. Create Photo Journals for each person or subject. (ie self portrait, child, spouse, pet, diet program, home remodel.) Add photos to each over regular intervals,…