An incredible amount of image manipulation software is being developed lately these are two that got me realy impressed.
Photosynth: this is quite amazing and certainly will have incredible commercial applications, somehow competing with Google StreetView, has the potential to move into a wealth of image details that are out of (legal?) reach for StreetView. Certainly one to keep an eye on.
The second one does not have a cool name yet, in a typical scholar research style the name of the project is called “Using Photographs to Enhance Videos of a Static Scene“, a project developed by a number of scholars from the University of Washington, Microsoft Interactive Visual Media Group (again!) and Adobe ( I am sure you will notice the similarities with Photosynth)