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Rcran writes – “By Taking advantage of the ‘Scroll through photos with the scroll wheel’ (while taking up the whole nano screen) feature, you can assume amazing control of the video. P.S You’ll need Adobe ImageReady (or similar application).”Link.

Related:
Here’s a version I wrote back in 2004 on Engadget that uses Quicktime to export the photos and has sound (sorta) – HOW-TO: Play “movies” on an iPod PhotoLink. It’s a fun modern day flip book.