This is a facinating video demonstrating a technique that tranforms a shaky, amateur video from a hand-held camera so that it appears as if it were taken with a directed camera motion, all smooth, steady and professional!
The algorithms were developed by four super-brains from the University of Wisconsin-Madison and Adobe Systems and will be presented at SIGGRAPH 2009
You can read more information on their web page, Content-Preserving Warps for 3D Video Stabilization, but first take a look at the video.
