That certainly is a G550 Enhanced Vision System demo tape, using FLIR and TV side by side to show the situational awareness enhancement. With the EVS installed, the crew can let down below landing mins on an ILS to 100 feet, since the FAA has decreed that the EVS image constitutes visual of the runway environment.
The original of this video, and others, can be see at the Gulfstream site:
http://www.gulfstream.com/product_enhancement/evs/
Next stop, a full synthetic vision cockpit, retrofitable into the PlaneView machines, with a head's down view to compare with the head's up FLIR picture. And helicopters have........?