Talk about useless crap. I mean, whoa I totally need this. I suppose if you were doing a short film about this gadget or the wonders of iPhone video, then it would maybe be cool? The whole point of shooting video on your phone is to not need something like this.
Priced at $300 I would have trouble holding back malicious laughter if I saw some dude toting this thing around pretending to be professional. I beg to be proven otherwise as I am continuously amazed at consumerism.