I like the idea also. Recording indicator should be a setting available in options - enable it to not show. Perhaps you are recording and your screen is visible from the audience. Very distracting to have a "Recording...." flashing on the screen.

Heck, make an enable to show even if you're NOT recording!! Even better... For times when listening is critical and you don't want to hear "...honey, can you get the mail..." or "...I just love this new hair conditioner..."