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interactive 360 video

Hi all.

I was reading a website and stumbled on this technology that blew my mind. Interactive video technology that allows the viewer to view the video in almost every angle, while playing. Do you think this technology is suitable for movies or documentaries? I don't mind paying extra for this.

About the technology:
http://player.yb.nl/showcase/index.html

Used in Haiti
http://edition.cnn.com/interactive/2010/01/world/haiti.360/index.html

I tried a search in this forum, but found nothing. If this is old news I apoligize.

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