WebCamMax has recently announced the release of their new version 126.96.36.199. This new release includes the ability to have two seperate video feeds in a picture in picture and the ability to add a draw capability on top of the screen. The new version also includes a improved UI, however they do not offer a Mac solution. For Macs, we still recommend Camtwist by Steve Green. Although still not as good as Camtwist, WebCamMax is still the best we have seen for the PC.
For a full list of the new WebCamMax functions
With WebCamMax you can:
Enable PinP, Dual Camera, Play List, Free Paint, Photo Slides and Skin Changing. Mask moves with your head. Customize effects. Modify effects by mouse. More than 1800 free effects online. Video Recorder, Snap. Share webcam in 16 programs.
Compatible with Windows 2000, XP and Vista 32bit OS.
Version: WebcamMax 188.8.131.52
Price: $29.95, Free to Try
You can also download a full effects package (there are tons!) here:http://www.webcammax.com/en/index.php?option=com_content&task=view&id=63&Itemid=79