Dropbox has finally released its full featured iPhone app (iTunes Link). It works just like it should, you can access all your files on your iPhone, and you can take photos, video or use existing media and upload them directly to the Dropbox.

On first login, You are presented with a brief welcome document that highlights some of the features of the app. Backing out of the document will take you to your Dropbox, which quickly lists any of the files and folders you may have in there. You can also tag stuff as favorites so you can quickly see the stuff you access the most.

I should also note that if you want to watch video you can, you can upload any media file that quicktime will play and you can stream it to your iPhone.

If you don’t have a Dropbox account, get one. It’s a very handy service, and I guarantee you will love it once you start using it.