Can't take credit for this, it was posted yesterday on Hackaday:
http://en.myinventions.pl/index.php?page=3Dscanner
One of the most interesting bits:
"Software.
I wrote special python script for converting video direct to point
cloud in Blender 2.49b. Script require Python Image Library
(PIL-1.1.7.win32-py2.6). PIL require conversion from *.mov to *.gif
format (but *.gif works with only 256 colors). "
Does somebody want to email this guy?
Rich Jones