Hey, I like this idea a lot.
I feel like your video is focused on the features your product has instead of how it will help me solve my problems. My problem is that it's a pain to take screenshots of a bug I want to report, so my developers might be confused about what the actual bug is.
Freshlog can solve my problem by making it easier to send a screenshot to the bugtracker. That's the idea, right?
Based on the video, I'm not too keen on the UI, and that's bad, because the UI is really important for a product that makes it easier to do something I can already do.
What would I envision for a UI for this kind of product? Well, I do web application development. I also don't need the editing features that often; my bug reports would usually just be a screenshot. So what I'm imagining would be a toolbar button in Firefox which lets me drag a box around the screen (or maybe just selecting an element would be enough); it'd capture a picture of the thing I selected and send it to my bugtracker.
Is your site a bug tracker itself? It seems like it just sends the screenshots to an external tracker. I don't understand what the threading features have to do with the screenshot part, and how they integrate.