IMCapture has introduced IMCapture for FaceTime (http://www.imcapture.com/IMCapture-for-FaceTime/), a new product designed to record and save FaceTime conversations. It costs US49.95 for a single user license.

This Mac call recorder creates a universal platform for your recorded files, enabling you to convert all FaceTime conversations into different video formats. What’s more, IMCapture for FaceTime engages an automatic recording feature as an option that enables to launch recording process by default as soon as the conversation has been started.

It requires Mac OS X 10.6 or higher. IMCapture is Universal Binary so runs natively on both PowerPC and Intel Macs.