Clips are recorded locally in the form of high quality wmv files which can then be easily be uploaded to YouTube or e-mailed to a friend.
The software works with all Slingboxes and claims higher quality streaming than Slingâ€™s player itself. Set to cost $25, the software is free until April 2009, so you if you are getting it you better get it quickly.
See this Youtube video for the app in action.
Read more at mReplay.com here.