Experiments with Lytro Illum: Could this camera change the rules of Time-Lapse videos?
This is an example of the light field (plenoptic) camera which utilizes a lens array and offers unique computational solutions... Leaving most of the work up to the computer for focus, perspective, and adjustments between the two as well as tilt and rotation possibilities for tilt-shift perspective.
It also offers f-stop adjustments in post processing. The f-stop on the in camera settings is f/2.0. however software can be readjusted from anywhere between f/2 and f/16.
Text, images and video via Andrew Sahlstrom
NOTE: If you like DIY equipment for video you must visit his website: abstract-assembly.com