This just showed up in the mail:
It is the Disc Brake System Analyzer from Innovative Products of America (IPA)
This is it in use on a caliper.
Under FCC rules I have to say IPA sent me the product to review. I will review the tool in the next few weeks on SafeBraking.com, but I will also use it to prove or disprove certian brake myths when it comes to brake drag and uneven pad wear.
More to come