Erica Sadun a well known hacker in the jailbreak scene has once again put out a very useful app for Mac OSX users. AirPlayer for Mac allows you to activate Airplay on your OSX machine.
This amazing app pretty much imitates what an AppleTv 2 does and allows your Mac to play your iDevice Airplay video stream on your machine without any complicated setup. The app itself is in alpha testing and still has bugs to be ironed out but it does its job.
Download AirPlayer for Mac: AirPlayer.app
Erica States:
You do not, at this time, need a jailbroken iDevice to run this hack. This limits you, however, to YouTube and other sanctioned applications — if you run across DRM’ed content, you’re basically out of luck. If you do jailbreak and install AirVideoEnabler, you’ll have far more applications to choose from.
Using a Jailbroken iPad, I tested using Yxplayer (which apparently has certain GNU issues) and was able to stream local homebrew movies (mostly AVIs from the family handheld video cam and MP4s from HandBrake DVD rips) without any problem other than what streaming massive amounts of data can do to your Mac in terms of system responsiveness.
Air Video (the application I covered here) streams using m3u8 playlist files, which cannot be displayed in the standard QuickTime window I used in AirPlayer. AirPlayer automatically copies video URLs to the system pasteboard, so if you can find an app that understands an unsupported video file, you’ve got the URL ready to go on your Macintosh. I couldn’t make it work myself. Sorry.
AirPlayer remains extremely alpha. I included a contact button in the app if you want to send feedback, bug reports, hints. Use it at your own risk and do feel free to leave constructive comments below on this post.
[Tuaw]

December 14, 2010
SoSly
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It works. There are a few hiccups however. Namely, IOS video placemarker seems to jump around a bit. But for short clips it is spot on. Furthermore, what would be really nice for this app as well as AirPlay for IOS, would be auto detection of devices on the network.