I've really struggled to understand the 3-D video craze. First, 3-D video has been around forever. Second, you still need glasses and expensive specialized equipment to view it. Third, seeing an extra dimension just doesn't seem worth all that hardware investment.
But 360-degree video is something I could really get into, especially for outdoor footage. Even the most dramatically filmed outdoor movie can't quite recreate the full magnitude of actually being there. But putting the entire panorama on display could certainly help put you in the "driver's seat".
The following video shows how a Sony Ericsson/Xperia team used a six-camera set-up to create a 360-degree video of Moab's Slickrock Trail. The video is a little more talking and less action than I'd like to see, but it's an interesting look at the possibilities.
Via The GearCaster