Forbes.com: Lipstick-sized Video Camera On Its Way

"The camera is constantly monitoring what you see," explains Reich. "When you see something occur that you want to keep, you hit the 'record' button and the last 30 seconds of what you saw is recorded onto a tiny removable memory card."

The captured video can then be downloaded into a Windows-based or Macintosh computer for editing and playback. Or for simple display, the device can be connected to any TV or VCR with standard audio-video connections.