I rarely watch things like CNN, or any television news really (Hello Internet!) but today I happened to see a bit, and there was a reporter in the field reporting on something, and the video was shot using a videophone!
The quality was poor, but as often is the case with breaking news, being at the right place at the right time, is more important than a polished, high-quality end product.
(Now all we need is more people to realize that they can be the reporter in the field, creating rather than consuming the media…)