There is some really really clever math going on here - Redmond gaze upon us . . . .

http://research.microsoft.com/en-us/um/redmond/projects/hyperlapse/"We present a method for converting first-person videos, for example, captured with a helmet camera during activities such as rock climbing or bicycling, into hyper-lapse videos, i.e., time-lapse videos with a smoothly moving camera."[/link]

The Proxy Camera Path creation is completely wild. Area51 comes to mind - yeah?

Grazie