I hate to tell you this but..... (Score 2, Informative)

...but this http://steadicam.com/ is a real steadicam (please to note the 'i')...Invented by Garrett Brown and first used on "Bound for Glory" in 1975, but made famous chasing a little-known boxer up the steps of teh Philadelphia Museum of Art 2 years later. And it don't cost $10K...more like $60k (before the extry $40k you can spend on silly accessories...like remote focus control & motors & extra brackets & wireless video & cases for alla yer stuff & other impliments of destruction). What was made here is a crude version of the former SteadicamJR (jay-ar), which is actually closer to some of the other knock-offs that are out there. It isn't a 'true' steadicam since there is no isolation from your body, which is the whole point of the steadicam! Now, if they were able to build one with a 3-axis gimbal and an articulating, springed arm, THEN I'd be impressed