Microsoft Photosynth: Render Photos in 3D
Photosynth is now up and running, try it out here.
Here are some fundamental concepts:
1) Photosynth ties image data from multiple angles compiles a 3-D visual representation of anything--even from images just on social networking site such as flickr
2) Photosynth can essentially render any image no matter how large the file size or resolution is--it is only limited by the number of pixels on the actual screen that it outputs on (note the 300megapixel image from the library of congress in the first 30 seconds)
3) Photosynth's applications seem limitless (gps enhanced terrain mapping, minute/microscopic medical imaging) and already builds off of the basic components of the internet's infrastructure (I.e., makes use of creative commons licenses, photo-compiling websites, photo tags)