Hey little green men.
As promised, I’m releasing my real-time Time Displacement swf with sources. You can play with it online right now: just click on Allow and make sure you unpacked your webcam and connected it to your box. It requires Flash 9, if you don’t have it, then that sucks (get flash9 here). Flash 8 was too crappy for me to downgrade my code to 
Enjoy!
The .fla (source code) is released under the GNU Public License V3. Download: Time Displacement (sources). If you have any updates or improvements, please share them back with the world; and if you make something neat out of it (ie, make it to digg frontpage, or a facebook app) then you rock! \m/, please drop me a line!
Cheers!
Coolio