Remember the lovely YouTube downloader on iPhone? It’s MxTube, which can download and save the EDGE or high quality YouTube video right on the iPhone. No encoding is required. It will be saved on iPhone’s disk. You can watch the video wherever you want.

The MxTube will support firmware 2.0 in the near future. It will be available not in the AppStore, but the Cydia. That means you need to jailbreak your iPhone first. It should work on both iPhone 2G and 3G. Above is the preview of the program, it will support stream download.

Developer wants to release it this week. But, unfortunately, is have got some problem. The program hangs while downloading. Developer said he won’t be able to develop the program for a week. That means the MxTube release day will be delayed. It’s still unclear the exact day to be released. We still need to watch the low quality YouTube on iPhone first.

[via MxBlog]