Video Blogging?

I'm actually looking for software to use the iSight camera as a video recorder so that I can keep a video journal. It'd be nice as well if its a format I can easily use to create a DVD player watchable video

iMovie will do that.

Thanks, its strange though, in the menus I can't find anything to select the built in camera as a video source to record from. The closest I got was with the Magic Movie option and it brings up a preview image that's on the camera. The problem that it says there's no video source.

To capture live video from an iSight camera:
Open the privacy shutter on your iSight.
Click the mode switch to set iMovie HD to camera mode (it's that grey slider that has scissors on one hand and a camera on the other).
Click the camera icon to the left of the mode switch and choose iSight from the pop-up menu.
Click the Record With iSight button at the bottom of the iMovie monitor.
The video you see in the iMovie monitor is recorded as a clip in the Clips pane.

Click Record With iSight again to stop recording.

Thank you so much, that works perfectly! I feel kinda stupid, since its such a simple thing to do.

Glad I could help!