It is called Photosynth
The Photosynth Technology Preview is a taste of the newest – and, we hope, most exciting – way to view photos on a computer. Our software takes a large collection of photos of a place or an object, analyzes them for similarities, and then displays the photos in a reconstructed three-dimensional space, showing you how each one relates to the next.
In our collections, you can access gigabytes of photos in seconds, view a scene from nearly any angle, find similar photos with a single click, and zoom in to make the smallest detail as big as your monitor.
I found it by finding this demonstration on YouTube.
Give it a look and be wowed. I know in the industry in which my employer is in, the idea of being able to take a zillion photos of one of our properties and allow prospective tenants to browse it at high speed and crawl through the building at their leisure would be huge. Not to mention, downright freaking cool!

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when you said prepare to be wowed… i wasnt prepared. that is awesome! The posibilities for this are infinite. Thanx SlothMan!
this is going to be big.
First time I saw it I was totally blown away.
The possibilities are really huge and I hope MS doesn’t cannibalize it before it goes public. I’d like to see it as a competitor to things like Google images. It really takes something like Google Earth to the Nth degree.
when you said prepare to be wowed… i wasnt prepared. that is awesome! The posibilities for this are infinite. Thanx SlothMan!
this is going to be big.