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hmmmm.. whilst i haven't heard of any application that allows you to do this, the port is certainly fast enough.. but im not sure how it would work. the data would have to go thru the graphics card then back out again or something. im not sure if its possible :/
firewire is 400mbit (offhand, but i think thats right) so can send a lot of data at once (~50mb/sec) which should be plenty fast enough for the amount of data you're talking about. and the camera input is specifically designed for video.... so thats not a limitation. who knows!
vegas (sonicfoundry editing tool, like premiere.. butbetter*cough*) allows realtime monitoring thru the firewire port without pre-renders btw, which might be of interest to you.
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