The new software is being presented at the 2008 New Media Expo in the Las Vegas Convention Center. A free trial of WireTap Anywhere is available here.
Any application that creates audio appears as an audio input device, allowing you to record or process it in any other application that can record from a microphone or other audio input device.
So, what that means: record both sides of a Skype or iChat chat into Peak for editing; or send audio out of Logic into Skype or iChat so you and your contact can talk about the music you are working on or listening too.
WireTap Anywhere devices are managed using System Preferences and you can mix any combination of applications and input devices into a single device.
WireTap Anywhere costs $129, is a Universal Binary, and requires Mac OS X 10.4.11 or later.