It's fast. I tried a 17MB flv, chose 10% summary and got the response in 1min4sec. Screen: <a href="http://dl.getdropbox.com/u/1704650/camapi.png" rel="nofollow">http://dl.getdropbox.com/u/1704650/camapi.png</a><p>It filters the boring moments well. The Animals and YouTube ZeitGeist examples opened my eyes.<p>Just for fun I tried to stump it with a video I had personally edited. See before and after: <a href="http://dl.getdropbox.com/u/1704650/hlcamtest.html" rel="nofollow">http://dl.getdropbox.com/u/1704650/hlcamtest.html</a>. Pretty good result, all things considered.<p>Time to plug my own editing startup: <a href="http://videothink.com" rel="nofollow">http://videothink.com</a>. Host any video file and I will <i>personally</i> cut all the boring moments and serve you the highlight movie. The site is very minimal now but it works.
I love the concept, but watching the example videos I kinda wish they'd implemented a transition in there. Some of videos were really jarring moving from "interesting" to "interesting" states. A small audio/visual fade out and then in again would help a lot.
Looking at the youtube zeitgeist page you have, most of the videos seem insanely shortened. What is a more reasonable percentage choice to get just the highlights without feeling like you are talking to a meth-head?