I've done a lot of work in this area, and I can say that this is significantly faster and higher quality than the other Kinect-based 3D reconstruction techniques out there such as RGBDemo ( http://www.youtube.com/watch?v=Cldf7UdFq1k ).

It's also clear just how much of an advantage having a 3D sensor is for reconstruction when you compare this against 2D-camera-based 3D reconstruction software like Photofly.

Wow. My mind is still spinning from the computer vision applications this could lead to, but the augmented reality segments (3:48 and 7:00) are particularly impressive on their own. I'd say this is our first glimpse of the second generation of AR.