http://www.youtube.com/watch?v=1PktKqyRXIE

I think the correct response is:

OMG!

errr... University of Washington, Microsoft, Adobe, UC Berkley.

http://www.cs.washington.edu/homes/pro/papers/videoEnhancement/videoEnhancement.htm

There is a MOV there (I can't view the Youtube, blocked, so I assume it is the same) and a PDF in detail.

Great find and mind blowing.

Yes, the PDF is a detailed transcription of the uTube video. So, is this going to be incorporated in the next generation NLEs? I wish...

Too late for me, but you young guys head toward Washington and learn this!