An applet that launches recordmydesktop tool that records your desktop. Right clicking gives menu with "Advanced" option, which opens a gui that allows more recording settings.
The recorded video is placed at ~/out.ogg
For some unknown reason, the panel disappears when recording desktop. You will have to press Ctrl-Alt-s to stop recording.
Extract zip at ~/.local/share/cinnamon/applets/
(27/3/2012) 1.0 Fixed panels disappearing problem
Create PPA for Ubuntu/Mint users