Lomo lab tech here,
Yep we are offering process and scan, software for compiling frames is in late stage beta and should be a free download on the site a bit later this month.
also it is compatible with flashes, lomo and other brands, we used it with a 430ex and the "fritz blitz" flash and both can keep up at a normal crank speed, so although its max aperture is 5.6 flash is an option (as much as flash isnt always the thing you want to use)
To address some other notes, you get around a 45 sec movie from hand cranking at a "normal" rate.
technically there is no reason, due to its construction, why a bulk load back could not be made, but i have no clue if that would or would not be a plan for the future, personally id love to see it.