After bringing us iPhone video recorder, Dreamcatcher has created another useful app. iPhone Recorder is a powerful sound recorder specially made for iPhone. It can record sound as mp3, m4a(ringtone required format) or aac on the fly, so you may record audio to ringtones directly. The recording is space saving, all-day-long high-quality recording will be a file as small as 0.5G. iPhone Recorder supports intelligent recording volume dynamic adjustment algorithm which guarantees better recording performance . » iPhone Recorder 1.2.1