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NiKKoM said:

it's not really expensive  to make a vid like that.. it's a special lens:

and then some software to make the flash file.. around ~ 400 bucks

Interesting.... But can it produce the same resolution and quality of the video above? Although the frame rate seems to take a bit of a hit because of the high quality and possibly the panoramic effect.

I looked up what the camera they used looks like:

    

Apparently this has been around for a while too? I just noticed the video is two years old lol. Still really cool :P