Mouse to drag-and-scroll element with iPhone/Android effect

Hard to explain in a subject, I know... so I will help with a video:

http://www.youtube.com/watch?v=rcPIvGRwrxA

Skip to 00:12 and you get the idea. I would like to be able to click with the mouse, drag (left/right or up/down) and "pull" the element (can be text, an i开发者_运维百科mage, any kind of div, ...) with that kind of physical "slowing down" effect.

I tried with some "major" Javascript frameworks (Scriptaculous, JQuery, etc...) but I did not find any good way to achieve a similar effect.

Do you have any good tip so I can get a similar example to work with?

This JQuery plugin might be interesting for you: http://www.ajaxupdates.com/an-iphone-scrolling-plugin-for-jquery/