About time some one tried to tackle this once again.
Deshaker is good but has its drawbacks... speed being one of them.
I have mercalli and don't use it much because I'm not very pleased with its outcome in combination with rolling shutter cams. There simply aren't enough alternatives out there. This one looks good.... where/when's the trial and will it work with Vegas are the questions now.
Adobe certainly fund some interesting research in our area of endeavor.
I was going to say it's not that difficult or expensive to use a dolly or a crane but I forgot about the 'tax' you have to pay for the privelege of shooting 'pro' footage in a public space these days.
Unbelievably fantastic result, but please notice the unusual amount of zoom that is applied (far more than Mercalli or Deshaker). This is prototype software, so perhaps some edge correction can be applied to reduce this, but if not, the resulting video will have so few pixels that it might not be useful for many situations, other than to save footage that might otherwise be thrown out.
The point is that with this amount of pixel degradation, I wouldn't purposely create a hand-held tracking shot with the intent of using this software in post because the result would be so soft (because of all the missing pixels) as to call attention to itself.
John (and others), I first read about this approach in a Norwegian web page, and the author emphasized that this new technique is best suited for video in Full HD because of all the missing pixels.
John, having played a lot with icarus in its free days (a predecessor to voodoo, I still have a copy if anyone's interested), it's "just" the amount that needs to be cropped off to keep from showing black edges from the rotational and x-y displacement. That could be insignificant or huge depending on the footage. In the case of my handheld shots, it would be significant!
In the examples of "walking" dolly shots, it would obviously be more than deshaker since the latter "wanders," but it's a necessary tradeoff for the improvement from using a tracked z-axis.
By using HD source, the loss from blowing up the image can still be very acceptable, and I wonder if the technology is ever going to be available at a price the serious hobbyist can afford.