Trans Lucy 2 is Universal and freakin' sweet
A registered version of Trans Lucy 2 is $15, but you can download a demo version at www.translucy.com.
Update: seany explains the best benefit of Trans Lucy over other apps with similar functionality: "The nice thing about this is that you can 'click through' the movie and work as normal. In other apps, their windows are selected when you click anywhere. To all intensive purposes [sic], the app disappears except for the video. I find it great for following video tutorials as I can track the actions in real time without swtiching between windows."
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