Totally forgot about this thread, because I can't get it to work (on either my Air or rMBP)
I use my Intensity with tons of other applications but VLC doesn't seem to want to recognize the feed. If you have any procedures you'd like me to try I can experiment with it today.
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I thought I'd expand by showing what I mean.
When you go to set up an application with the Blackmagic Intensity, these are the kinds of options you usually get (this screenshot is from Isadora)
Image
However, with VLC, this is all it shows me:
Image
I'm going to admit, I
hate VLC and haven't used it in years, so perhaps I'm not looking in the right place. If someone has some instructions on what I should be doing, please let me know.
Further edit: technically, you could get Isadora to do what you want VLC to do, in which case it would work perfectly (still no live audio however) That would require shelling out for the software and learning how to patch it, but you could probably get the demo version to do it.