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Re:3-Sweep: Extracting Editable Objects from a Single Photo ... by gohrt on Tuesday September 10, 2013 @06:21PM (#6363965)
Yes, there are other projects that do things like insert a synthetic object into a scene, with natural in-context lighting that is inferred from the light gradients on other objects in scene.
Re:3-Sweep: Extracting Editable Objects from a Single Photo ... by op12op12 on Tuesday September 10, 2013 @07:00PM (#6364173)
Yes, here's a cool demo video from 2011 SIGGRAPH Asia...can't even imagine how much more things have progressed since then:

http://vimeo.com/28962540