Wow, thanks Serge! This is a cool looking little gadget that Serge sent in for me to look at. It's not HD, but i'm assuming it's close to the resolution on the DSLR itself. A bit smaller in size at 2.5", but with some type of magnification this would be the solution that I mentioned LCD ViewFinders would be heading towards. With this type of simple setup offset shoulder rigs would be a thing of the past. The camera can remain mounted anywhere and the LCD + LCD View Finder can be moved into eye position by a simple articulating arm.
Depending on how long the cord is, this would work as a lightweight monitor for smaller Jibs / Crane type setups for 'framing' (not sure about focus pulling). It has it's own rechargeable battery pack too, but can accept DC power. A very cool function is that it acts like a Remote Shutter!(shutter function may only be for photography) Wow this is an excellent addition to the Palo Alto adapter for those low aerial shots. I can totally use this for framing shots while the camera is 10' feet high!. Very cool small lightweight product that i'm excited to get my hands on and the price is ridiculous! Oh, before posting this I did place my order in case they run out. Check out the new Remote LCD for DSLR video by clicking here.
Update:: They emailed me asking what Canon camera I have. They mentioned they have cables to support the Canon 5D Mark II, 7D, and T2i. I hope they ship fast, i'm interested in showing what this looks like with a video review.