My friend and I just set up our Easy Star following Chris's recommendations (brushless, ESC, and lipo). We wanted a cheap way to grab some FPV footage to show to our friends and family. We decided to cut a hole in our Easy Star fuselage cover to mount my Blackberry Curve so we could use it as a video camera. I bought a 2 Gigabyte SD card from Rite Aid for $19.99 and we we're set to go. Although the video quality is rather poor we think the smartphone serves as a cool platform to broadcast FPV in real time through its data channel. The mobile app Ustream could help us and others broadcast live video streams to the internet. Now I just have to convince my friend to mount his iphone 3GS onboard and we'll get some better quality!
This flight below was filmed with the Blackberry. We were flying RC but will be integrating attopilot into our easy star as soon as it arrives.
UPDATE: The new Motorola Droid phone has the capability of broadcasting 720 X 480 video live through Qik. See an example video here.