Two sarcastic responses:
1) "Want to watch your house getting robbed? There's an app for that."
2) "*ALERT* - Your house is getting burgled because you're holding me wrong, now buy other apple products or fluffy gets it."
Also, @ RSUD - IP cams have been around ages, Apple simply jumped on a path that was already paved with a new gimmick (that has been shown to be fairly useless by this very article), its only just taken apple until this year to sort out video calling that has been around for at least 5 years (as far as i can remember). Apple took ages to move over to proper Intel processors where everyone else was at already. Fact of the matter is, YES the iphone and this app did its job in letting you 'monitor' your home, but the very concept and functionality of the app is a bit rediculous in the first place. Get a proper alarm system like BT Redcare (UK).