When such technologies become available to developers and/or are integrated with other 3D modeling tools, watch out! Here are some possibilities that I outlined on my Computerworld blog:
... If this technology (or one like it) can be integrated with other 3D modelling tools, the impact on a number of industries will be profound. Imagine a FPS game based on actual street scenes, a la Escape From New York. Or a virtual world based on real photographs from a specific time or place. Or a Web-accessible 3D real-estate demo created from standard digital photographs and a floor plan.Techcrunch reports additional details about Fotowoosh, including news about creator Derek Hoiem and the VRML technology which is used to create the 3D models.