IMCapture, a Mac OS X software application has announced support for Facetime. The pplcation previosuily supported recording Skype and Yahoo Messenger.
“The program can be set to run in the background and thus automatically record any incoming or outgoing FaceTime call (from either an iPhone 4 or another Mac), or activated manually. Users have the option of recording just audio if preferred (can be saved as AAC, MP3 or WMA format), and after the call is over the video files can be exported in one of several QuickTime-supported formats (MOV, MPEG-4, SWF and FLV among others). The program captures both video streams, allowing for easy editing in video programs such as iMovie.”