Only just a few days ago we learned that Kogeto, the maker of a panoramic lens for the iPhone 4 and iPhone 4S was planning on announcing their iCONIC lens which was being made for the Samsung Galaxy Nexus. The software is not fully finished for the Galaxy Nexus as of now so we did have to jump on the iPhone to show how the application functions and exactly what you can expect.
As you can see the device is actually a case that clips on the back of the device and once the application is launched you can begin to record. Once the recording begins you lay the device flat and sit back while it captures 360 degrees of video. After you are finished recording you can watch the application or share it to your favorite social network where your friends and family can share the same 360-degree view that you captured. Hit the break for a few more images and a video demo.