Yes, that is a script from Widezu and is quite similar to the Medium (default) preset of InterFrame.
You can use InterFrame for realtime processing, too, except then it would just be like:
Code:
SetMTMode(1,0)
ffdshow_source()
SetMTMode(2)
InterFrame(Preset="Fast")
GetMTMode(false) > 0 ? distributor() : last
Using that Fast preset of InterFrame should be enough to give you smooth playback in realtime, but it will be poor quality.
If you are interested, I can increase the quality of the "Fast" preset so it is still ok for realtime playback but looks better. Let me know