[itsankur]

Haven't heard of one. But this sounds pretty slick. I could envision a Premier Pro like interface with clear starts and stops for each sequence combined with simple keyboard interactions being pretty awesome.

I think the main thing you'll need to figure out is how to get users from a youtube video to this software. Maybe a Chrome Extension?

[andrewfromx]

oh users would be nice but I mainly want this for myself. I edit a lot of youtube videos into clips. But I have to download the entire thing and then re-watch it to find the parts. I could just download every single video first before I watch any but that's hard to do. Its so nice just to click and play in a gui with zero delay.