Can the new iPad record 720p HD video

The new iPad allows you to record amazing 1080p HD video. But I am happy with 720p, considering it already takes a huge amout of space when recording. Only pictures are sent to the iCloud. Is there an option to reduce the quality of the captured video? How can I choose 720p instead of the standard 1080p?Nope. Video recording is always at maximum resolution with new iPad. You can record it in