It should be one of the most exciting technology achievement in this decade. Imagine when someday you hanged the Olympus 360 degree camera lens on the middle of your home ceiling and then you can monitor and spy the whole of your main rooms with single camera, sound great huh?.
Does the camera lens really work like that? it could be, but I am not sure for the exact features, you can visit the japanese olympus press release to check it out. For a brief preview, the upcoming lens is capable of gathering light from 360 degrees horizontally and 45 degrees vertically.