To compile you need
Qt 4.7.1 and Qt Creator
OpenCV2.2
MinGW
libfreenect
Qt, OpenCV2.2 and MinGW must be compiled with the same MinGW version!!!
or just get binaries http://kinect-player.googlecode.com/files/kinect-player.zip
http://1.bp.blogspot.com/-T2y6OxwHYg/TVOx3i-KpCI/AAAAAAAAADs/j-qZfebycs/s320/KinectPlayer2.JPG
This project uses https://code.google.com/p/kinect-compression-using-opencv/
To build see http://code.google.com/p/kinect-player/wiki/BuildingFromSources
Video