You can watch your unborn child on your new iPhone, yo!

After Steve Jobs announced the release of the iPhone 4 today, he premiered the new commercial "FaceTime" directed by Sam Mendes of American Beauty and Road to Perdition fame. The spot showcases the video conferencing capabilities of the new slimmer device. You can now help your friends decide on what outfit to wear, or watch from across the world as your baby takes her first steps. Oh I'm sorry, I didn't mean for that to sound depressing. This is advanced technology. Show me a smile!

Check out the spot at Apple HERE.