iPod Nano Video Camera

Fresh out of the box today! (my iPod Touch 32GB was stolen)... I haven't had much time to experiment with it yet, but I love the video camera. Apparently there are more available effects and recording formats (.mov, .mp4?). I will make a test video tomorrow but does anyone know how to access the video settings? It is within the iPod or on iTunes? Any test videos anyone wanna share? Can it snap pictures as well?
 
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