Sunday times Confirms New Motion Sensor Camera For 360.

[jlauro]

ssj12 said:
So V2 of the Live Motion Camera? Other than a higher resolution I don't see much different this can make compared to the original or PS Eye.

According to the article, it's 3D and can tell distance and the original PS Eye is considered 2D.  Not sure if it uses multiple cameras (it does call it a system), or if it has some other sensor(s) for distance.

Personally, I don't see it working well for more than a few niche games.