Using iPhone 4 as video input for iMovie
I've been wondering if it is possible to set up an iPhone 4 as the video input source for iMovie 11 so I can see on the Mac's screen what I'm pointing to iPhone at; to make sure it is in focus, etc. I know it's possible to set up other video cameras but I don't seem to be able to get the iPhone to work this way.
Is it possible, or am I on to a loser here?
Macbook, Mac OS X (10.6.7), also iPhone 4