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Now experimental software developed by UW and Microsoft computer scientists, called Photo Tourism, turns the surfeit of images into a benefit. Hundreds of photos of a single scene can be mapped into a 3-D virtual world. The technology has potential not just for organizing photo collections, but for capturing scenes and, perhaps someday, creating a visual map of all the photos on the Internet.
The link contains a flash demonstration of the technology. It appears very impressive.
From the University of Washington [uwnews.washington.edu]
Syzygy