Reel Deck for iPhone

Reel Deck is an audio recorder for the iPhone (and 2G Touch), and whilst normally I wouldn't post on an app like this I thought that the interface as really well designed. Here are the app features:

-Simple interface
-100 fast recording reels
-Level indicator
-Record seconds or hours
-Rename your recordings
-Pause during playback or recording
-Date/time/size on your recordings
-Erase recording, tap eject twise
-180 degree screen rotation
-5.5 to 44.1khz sample frequency in 4 steps
-Reel tape simulator (animation)
-Led indicator on Rec, Play, Pause buttons
-Led indicator on sample frequency buttons
-Memory low warning/ reboot for best performance

And, I really like that the reels go around too.