If you've ever tried to make a panorama photo from one of the several iPhone apps, you'll see it's not totally flawless. And even more difficult to do a video.
Michael Rondinelli has designed a nifty little gadget, called GoPano, that will snap on your iPhone 4, and take 360 degrees of video. It appears that even after you've recorded the video, you can still pan around 360 with in the recorded video.
He's looking for a $50 pledge to kickstart the project - he needs to raise $20,000. The $50 pledge will get you your very own GoPano.
Check out the video below: