brilliantly executed. The guy that generated the original After Effects was involved in a project like this, and was looking for building libraries that would work like this. His demo he showed at NAB last year used a lot of prelinger archive and live band footage, but it wasn't as deep as this (I don't think) Acid for video, sorta. But much deeper, and potentially very, very cool. Man, folding something like this into Vegas....I wonder if the BlueCat boys would want to run with this. Since it's open source, might be fun
I'm kind of surprised that Vegas doesn't do more to interconnect audio with video, they seem to have all the bits just need to join them together.
As you said Acid for video, auto beat mapping, video effects linked to sonograms, the possibilities are interesting although the results might end up as a bad acid trip.
This is all VJ stuff. There are quite a few really exciting programs out there for this kind of thing, that allow for live mixing and compositing of video. The first one I saw was a very entertaining program for the mac called Videodelic.
I have to say, if there was a good vj product in Madison's product line it'd draw in a lot of new users, especially since the rest of the suite would be so useful to them. Of course, maybe none of them would pay for it, but most of the products I've seen run from 200-500 bucks. Someone must be buying them, I suppose.
I'm not sure its all that much better than colored oil and water in a glass dish on an overhead projector.