ToyCineCam is a simple yet fun application that allows you to take movie-like videos and pictures (Required iPhone 4 or 4th generation iPod touch. iPhone 3G/3GS is not supported). With ToyCineCam you can make a toy camera style video or give it a cool video processing using numerous effects just like a movie. You can preview the effects in real-time while taking a picture or shooting a video. This app is available for $0.99 and you can download it here. Not only you can record audio from the microphone but also you can add background music from your iPod (all music data in iPod except DRM data) while shooting a…