You don't think their stabilization technology is imaginative?
*If this is any indication youtube's is pretty good, but not as seamless: http://googleresearch.blogspot.com/2012/05/video-stabilizati...
Though we haven't seen a video comparison yet.
Shouting out about how awesome your tech is when it's someone else's tech that you didn't exclusively-license is lame.
It in no way uses the iOS SDK.