As such, DigVid (Jeff Dodson) and I have been talking about his wonderful DodCap software and the possibilty of adding an image stabilization feature to it. The idea would be to transfer one's films pulled back a bit so that the frameline edges were visible on the underscan frame (but not seen on a normal TV monitor). The software would "seek out" the edges of the first usable frame and then re-register all subsequent frames to that benchmarked frame. The end product would have a tiny black letter box around the edges rather than cropping in. This will preserve the resolution.
It will definately work. I have seen miraculous stabilization done to film we've transfered, but it has always been on locked off shots where fixed targets within the frame were used as the benchmarks for realignment. Our idea is to use the edges and corners of the frame, itself, as a guide so that it wouldn't be confined to locked off shots but, rather, the entire roll.
To accomodate the probability of such a service, as well as to increase the speed of our transfer service, I just commissioned a new capture computer. It will feature the Matrox RTX100 card, a SCSI Raid-0 with two 73 gig 15,000 RPM drives, a gig of RAM and the latest 3.8 gHz Pentium-4 CPU.
I'm getting a woody just writing abou it.

Hopefully, this combination will allow some FAST renders for a variety of applications, image stabilization being just one of them. We also will be offering a DVD service for those that want their Magnum Opus on disk.
Anyway, if the rendering goes fast enough, we will probably apply it to all transfers, jitter or not, just to ensure the most rock solid transfer one can get. If not, then we'll offer it as an "add on" service for those shot in the foot by the Kodak Jitters.
I'll keep you posted....
Roger