Software VJ
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Syphon

From syphon.v002.info

Syphon is an open source Mac OS X plugin technology that allows applications to share frames - full frame rate video or stills - with one another in realtime, instantly. No rendering to a file, no screen capture involved.
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GrandVJ – Eight channels VJ software for real time HD video mixing

From www.arkaos.net

GrandVJ is a real-time video mixer software allowing to compose up to 8 layers of Video on the fly. Take any video from your hard drive, add effects to it and start making your own video show.
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