As someone who's done a little video production work in the past, this is a pretty good take on gamifying it. It's begging to be an FMV game where missing cut cues shows footages of people saying rude things on an open mic and picking noses and the like. Maybe an expanded tricaster-like UI where you're cuing the right cam and adjusting it prior to the actual cue to cut.
Also call up madcatz. T-Bar controller.