Stabilized Zapruder film? High quality hoax or the real deal?

From WFMU's always excellent "Beware of the Blog"

Here's the alleged stabilized Zapruder film that's been making the rounds. Is it a hoax? A hoax of a hoax? The truth revealed? You decide.

Real or not, this is impressive work. Link

Reader comment: Brandon Vessey says: "The stable Zapruder film is indeed real. A couple of years ago in one of my Criminilogy classes we watched a video in which the film was digitally remastered and the film was made stable with visible sprocket holes. I believe the film we viewed is Image of an Assassination."

Reader comment: Gary Lerhaupt says: "The video link seemed like it was lagging so I created a torrent just in case."