Vimeo, one of the higher-quality video streaming websites online, has just announced a new app for the iPhone, designed especially for Vimeo subscribers (both free and plus). The app will allow users to access all the features and functions of their Vimeo account without having to use their web browser. The app also brings some basic video editing functionality to the iPhone, so that users can shoot videos, edit them and upload them on the fly without having to transfer any files to the computer. The app will allow users to upload and download videos as well as access channels and their favorites. The Vimeo iPhone app is available for free on the Apple App Store now.