Hot on the heels of the beta release of their Presto3D 3D model marketplace, Feeling Software have released this video demonstration of their forthcoming image-based modelling software:
This appears to be an implementation of the Feeling Real technology they announced a while ago. It is not clear whether there will be a stand-alone version, or whether this will be the latest in the current trend of software+services. A page at Presto3D indicates at least the latter. This has some parallels with Microsoft's Photosynth, where pictures are processed into 3D point clouds and camera pose estimates on the client machine before being uploaded to Microsoft's servers. A few more details are found at the ENLIGHTEN3D blog.