As absurd as it may sound, Quicktime has never displayed embedded timecode in the viewer, until today. Hooray!...I realize the fact that this excites me makes me a huge geek.
Yep. Previously it just showed a generic timecode that always started at zero. Now you have the option to see tape timecode within the Quicktime stand alone viewer. Might not seem like much but it's a feature people have wanted for about a decade.