There’s a new version of iubi Blue firmware over at Advanced MP3 Players.
There’s also an extra file here that you need to download (right click – save as) and add to the system folder after the unit restarts post update.
Apparently the update is to

… fix issues relating to picture aligment when recording, and when playing back recorded video.

which I haven’t ever actually bothered doing with my iubi yet, but it also seems to have updated the icons (speaker, volume and battery) in the top right corner of the screen too.