I love playing with camera and video apps on the iPhone, and this one looks awesome. Kogeto is a New York-based company that specializes in high-end panoramic video cameras. They have a Kickstarter project to create an elegant, inexpensive accessory that turns your iPhone 5 into a panoramic camera. Dot snaps on to your iPhone 4 and works in conjunction with an app that removes the distortion and creates an interactive 360º video. You can capture video to your iPhone or even stream to the web.
Check out the video below for examples of Dot in action.
Interested in supporting Dot? Check it out on Kickstarter.