Developer website: Naked Software
Cheap-o-Scope is a small utility that will convert Quicktime movies into Adobe Filmstrip files and also convert Adobe Filmstrip files back into Quicktime movies. Adobe Filmstrip files are recognized by Photoshop and probably other image editing files (it's just a sequence of raw RGB image data). Adobe Premiere will also import them, but if you're using iMovie, you'll need to convert. Filmstrip is a good format for doing rotoscoping and animation work if you don't have the money for a separate rotoscoping product.
Version 1.3 added the ability to compress final movie using standard compression dialog.
Mac OS X 10.1 or later