Panoramic Video Camera?

Always on the lookout for interesting innovations in panoramic photography I was pleased
to see an interesting post over at DV
Guru
about a panoramic video camera. Way back when I was at ABC, a company was shopping around somethiing like
this, but essentially it was a camera pointing up at a spherical mirror, and then the image was run through an
interpolation software that turned it into a 360 image. Problem was, the image sucked.

This version, a panoramic video camera with plywood , is a DIY kind
whereby several cameras are arranged and their images stiched together. A list of videos shows yo the results. Still not great.