Al, I'm interested in what else it could be used for as a design platform. Although it's small and cheap, there are reasons for this. First, Parrot's iPad-controlled flying video game AR.Drone 2.0 http://www.designnews.com/author.asp?section_id=1392&doc_id=238273 costs about $300 and is well-loaded with cameras, accelerometers and gyrometers, and WiFi communication. Second, many of the flying robot prototypes http://www.designnews.com/author.asp?section_id=1386&doc_id=249645 the military and others are investigating are based on hobby machine platforms, the volumes of which have driven down component price/performance ratios. And third, quadrotors, also called quadricopters or ornithopters, have been adopted as a design platform for a wide range of tasks, often performed in swarms by devices that don't look much bigger or more accomplished than the MeCam.
Wow, that is quite an invention. Personally, I'm not sure my life is interesting enough for this sort of thing (although I guess that depends on your definition of "interesting") but I am sure the new generation of young people who are comfortable sharing every detail of their life with their friends online will love this product. It's like a flying Go-Pro on steroids!
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