You can easily define words in a sentence, pull them out and define them (such as "frankly amazed") and add them to your vocabulary.
You can listen to a demo tape I made of it. real-audio stream or real-audio download or MP3 download
Once in your vocabulary, you can drag and drop them to make sentences, and play them as a perfect splice. If the intonation of the words matches, you can make a very convincing falsification of what someone said.
This program was initially available only to the high-end radio station market, and is now available to the general public.
Minimum requirements are a 486-33, 8mb of RAM, 20 Mb of hard disk space, and a good sound card -- anything by Turtle Beach will do nicely.
I spent two years writing and perfecting this program, as well as accumulating a 6000+ word vocabulary of Clinton, Perot and (now obsolete) George Bush. There is a also a good set of sound effects, so you can have Perot and Clinton lob hand grenades at each other while they argue.
There is also a live-only version of Atomizer, which isolates the user from the operating system and gives them much more control when using the program in a live situation.
This is what Audio Atomizer looks like. The "detail" window lets you narrow down to the sample level to get the point you want.
Here is a freeware version of Audio Atomizer:
