Yes, it's all for real. Look at the video.
StartWarsSafari - Computer.m4v (7303 KB)
In my Twitter (http://twitter.com/sigizmund/status/3840531748) I've added a link to video-manual, how to produce this breathtaking, but utterly useless effect.
P.S. And yes - QuickTime X's screen recoding feature just rocks - now I hardly need any screen-recording apps, as long as I have QuickTime and iMovie.