I guess it was only a matter of time before someone figured out how to AirPlay a iOS device to a Mac computer, after all it is possible to use the utility on almost every other Apple device. To do this you will need to go over to the Mac app store and get Reflection, a $15 app that will let you AirPlay/Mirror your iPad 2 or iPhone 4s screen on your Lion equipped Mac. In addition to the normal AirPlay capabilities, the app allows the user to record and save their on screen activities for later viewing. If you are itching to try this out, why not head on over to the app store and give the 10 minute free trial a go.
Source: iPhone in Canada