Released into the developer wilds yesterday, Cupcake (Android 1.5) is already making its video debut on an Android Dev Phone. Arsen goes through some of the main new features including the camcorder (with YouTube sharing feature), new on-screen keyboard required for Android devices like the HTC Magic and Samsung I7500, and enhanced Web browser. 3GP videos captured by the G1 were a bit choppy with dropped frames and weak audio but on par with what we'd expect. The on-screen keyboard and enhanced browser fared far better with Google providing real-time suggestions during URL lookups and the browser itself feeling a bit snappier when zooming and scrolling. All-in-all the latest build seems more stable than previous iterations and leaves us itching for the May release. See for yourself after the break.