Composite - an app for 'collecting' and collaging images.
THis is really kind of cool. Or it should be. Although it looks like it needs to be incredibly simple and clean and comes across as rather complicated and ornate in the video. I will go test and update.
[UPDATE: I will go buy and iPad2 and then update... hmmm. OK. one day I will own an iPad2 and then, if I remember, I will go test and update]