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Here is worth mentioning Parenting app for iPhone.
Description from the Creators of the app
Monitor your sleeping baby with this iPhone app. Simply place the iPhone near your sleeping baby, if it detects noise, it places a phone call to the number of your choice, you can then listen in for activity from your baby.
Baby Monitor is available for $0.99 and you can download it from iTunes Link
Hey, there is also “Babyphone” on the App Store:
http://phobos.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=293317774&mt=8
Homepage with Video:
http://mail-point.de/iPhone
Thank you and good luck!