Inhibit Mac OSX from opening iPhoto when you attach a device

I recently got a Cisco Flip camera. It’s awesome, but OSX has a major problem that it launches iPhoto (in addition to the Flip software) when I plug in the device to the USB port.

This means that two applications are busily indexing the contents of a USB device every time I want to use it.

To inhibit:

Plug device in -> -> Launch Image Capture -> Select the device -> Change the drop-down for “When device is connected” from iPhoto to do nothing -> Be happy.