What’s Yoostar? In a nutshell, it lets you live your hollywood dream, in front of your PC. Yoostar is a kit comprising of a special USB webcam, a portable greenscreen and software that can insert your image into your favorite movies. From the video demo, we could see the host replacing Glover from Sesame Street, and then he tried follow the original conversations with Elmo.

You’ll get 14 classic scenes each of which is between 1 and 2 minutes long when Yoostar hits retail next month. The company has already secured rights to content from Paramount, Universal, MGM, Liongate and Warner Brothers. Don’t expect user-contributed scenes as they are a copyright no-no. Before Yoostar can upload new movie scenes, this could get old fast, but in the long run, social community will be created where other users can upload their clips, comment on them, share tips, and possibly compete in talent contests. Due to copyright restrictions, Yoostart ($169) will only be available in the States initially although plans to roll out this internationally is well underway. Video demo after the jump.