Here is a new tutorial to use HD wing cam as an FPV + HD recording cam

http://rcsci.blogspot.in/2014/07/tutorial-how-to-use-hd-wingcam720p-as.html

Very good tutorial bro

 The problem with using these HD cams for dedicated FPV, is the LAG. I tried the live video out from the MObius and the delay was disappointing.
Even the Go-Pro has lag. The delay would be acceptable on a plane as you have more time to recover, but on a mini quad when you learn to fly low down, you need to see obstacles in real time.
Good tutorial in any case.

Yes i read somewhere about gopro lag issue.  i checked mine but didn't noticed that as i it was out of my mind but i will check again. white balance of hd wingcam is not good compare to my ccd cam. i will post video if there is a lag observed.