I thinking it's meant to be used on set to check exposure, focus and color with real-time playback, multiple viewers and real time scopes. Plus you can export to Quicktime and has the option to export a bin structure or timeline to FCP. Here's the link to the download:
http://www.thefoundry.co.uk/products/storm/try/
What's the catch? There isn't any. Except if you want to keep using it past the v1/0 release scheduled for March 1, 2011, you'll have to pay $375 bucks for it. Isn't this like REDCineX... which is free?
http://www.thefoundry.co.uk/products/storm/
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