Wired:
Using clever algorithm processing, Hyperlapse makes it easy to use your phone to create tracking shots and fast, time-lapse videos that look as if they’re shot by Scorsese or Michael Mann. What was once only possible with a Steadicam or a $15,000 tracking rig is now possible on your iPhone, for free. And that’s all thanks to some clever engineering and an elegantly pared-down interaction design.
I don’t know if Hyperlapse will encourage me to shoot more video but anything that can help the queasy-inducing shake of most handheld iPhone video is a good thing.
The results I’ve seen are interesting. The technique morphs some sections of the scene in a way that reminds me of some of the video-compression I’ve seen on cable and low-priced DVD players.
Isn’t Microsoft working on something like this too? http://research.microsoft.com/en-us/um/redmond/projects/hyperlapse/
Real artists ship.