LadyBug is a six camera lens system capturing a 360-degree view - similar technology is used for Google Street View. With the addition of Apple's Shake the linear output was converted into a 'planet' view allowing for the effect in the video below:
A neat way to capture the cityscape - see http://www.ptgrey.com/products/spherical.asp for more on the LadyBug2, BoardsMag for more on the making of the video and http://www.dizzeerascal.co.uk/ for more on Dizzy...
The panoramic video was shot by Digital Immersion a French company specialised in immersive media - see www.digitalimmersion.fr for more examples.
Thanks go to Andy Hoskins for emailing this in.