It turns a series of photos into a 3D model, which has been done to death.
Autodesk 123D (which is free) can create a 3D model from just two photos.
Autodesk 123D (which is free) can create a 3D model from just two photos.
You might as well complain that people are still developing video compression techniques.
ps. this seems to be an open source version of 123D http://insight3d.sourceforge.net/ Interesting, but havent used it yet