We present a method for converting first-person videos, for example, captured with a helmet camera during activities such as rock climbing or bicycling, into hyperlapse videos: time-lapse videos with a smoothly moving camera.
For a more technical explanation of our system watch this video:
http://www.youtube.com/watch?v=sA4Za3Hv6ng
Check out our project page for more details:
http://research.microsoft.com/hyperlapse