Until now, Continuous Shoot by Mamoru Tokashiki was the closest G1 owners could get to recording video. The app does what it says; takes a stream of photographs, one almost immediately after the other. That makes for a cool effect, but a poor substitute for video.
This new solution - dotphone.org's Video Recorder with Voice Client - is far from perfect. But it indicates independent progress. I'm sure Google will render all of this moot in a short time. But for now, it is fun stuff. And it demonstrates what a great venue the Android Market is for experienced and budding programmers alike.
This was an impromptu video, and I didn't think anyone would see it at first. I promise to shower after exercising, and to clean the kitchen table for future videos.