This was an "elaborate demo" put together over night by our own Patrick McCarron, who is an iPhone developer in his day job working for mobileAge. We wanted to create an elaborate April Fools day joke, and this came up literally at the last minute. You can read about the creation a bit more here:
Day after, a bit of behind the scenes of the joke
Patrick may clean up and relase the code at some point, at the time of creation the SDK code was under NDA by Apple. It needs updating and some basic code fixing still to fix obvious bugs.
Leaked screenshot:Get the Flash Player to see this player.
View video encoded for iPhone/iPod Touch (.mp4)