Here goes, what I have come to understand is that program you have their, is a video editing program, it's similar to it's more expensive bigger brother "Adobe Premiere Pro". How it works, it's used to capture your DV captured video over IEEE1394 port, it is done natively (meaning it has a special capture driver that is built in the editing program itself that is compatible with IEEE1394 protocol) that driver also gives you some control feature over your DV camera too, e.g stop,play,Rec forward/rewind, time code etc.
Your program above is totally different to splitcam. However, there is another program that you can use with splitcam together, if you wish, so that you'll be able to use your DV camera as if it was a webcam.
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