Thanks for a great app!
I've often bemoaned iMovie's slow startup, so this app's quick open-time is great.
Some suggestions - maybe you could add a preference to start recording as soon as the app launches? That way a script or simliar could start the recording. Perhaps the app's icon (in the Dock) could change colour or shape when it's "on air"? I suppose you could also possibly add the controls to the app's dock icon.

Thanks; again, a simple and great little app.