FlipFlop is a small, free Mac OS X application designed to assist filmmakers with onset monitoring / previewing using a laptop and a firewire connected camera. The features came mostly from reading many peoples requests on various forums such as DVXUser and Redrock Micro.
Initially the basic app was aimed at a live video rotate to correct the inherent upside down, back-to-front image created by many 35mm adapters. From here it grew to include a few other features which seem to be relevant to the workflow.
Unfortunately there are no record features, this is purely a live preview application. I hope to add more useful features so let me know what you would like to see.
DV and DVCPRO50 work the best as they are the least CPU / GPU intensive. The DVCPRO HD presets are very processor intensive. As I'm PAL based its hard for me to fully test NTSC based presets.
You will need Final Cut Pro 5 and above installed for all other codecs except standard DV.