Lytro: Future of Photography?

Lytro: Take instant photo focus later camera has been launched for starting price of $399.  It uses a new technology: Light Filed Camera. As Lytro puts it:

Lytro lets you take pictures like never before. Unlike a conventional camera that captures a single plane of light, the Lytro camera captures the entire light field, which is all the light traveling in every direction in every point in space.

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