In this article Steve explains, step-by-step, how you can use your Nseries phone to create a time-lapse video using the sequence mode of the camera application and a quick bit of video editing. He's included a quick example of his own, but we'd like to see your examples too.
This also works on the E90 (don't know if this is something that was just added in the latest firmware though). Burst mode works a little bit different: it takes only 6 shots in rapid succession and then stops, which is quite helpful if you want to take a picture of something moving fast (used it for taking pictures of someone running past me in an athletics contest).
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