Upload & Sell: Off
This is what I use for my point and shoot. It's OK, but it does bounce around a tad. I tried using it with my D7000 and a 28 2.8 prime (light weight), but it bounced around way too much for the footage to be usable.
Here's some footage I took using it with the point and shoot mounted to my left fender. It holds like a champ! I just wish it had less flex in the arms. There are much more expensive systems out there with multiple cups, etc, that are meant for DSLRs.