The LG Optimus 2X is a beast of an Android phone and one of the most interesting things on Tegra 2 chipset is inside that lets you record video from the camcorder to full 1080p HD glory. We saw an example of this situation, and that's great.
Almost all high-end smartphones can record video in HD 720p (4 iPhone, Motorola Droid X are just some examples of this), but the 2X LG Optimus will probably be the first major phone, up to 1080p HD. You'll also be able to play this back on the device using an HDTV via HDMI.
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