Microsoft Live Labs has just unveiled a new product called “Photosynth”. This application “analyzes a group of images and looks for similar distinctive features across photos” — “when a particular feature is found in multiple images the 3D positional data can be calculated and the photos can be arranged in an interactive manner.” Unfortunately, it’s not avaliable for download at this time, a public beta is reportedly in the works. Video demonstration after the jump. [via OhGizmo!]

Video Demonstration