Participants in extreme sports, narcissistic golfers and paranoid individuals alike will love this device. Mikrokopter.de has a great writeup on how this project functions. Their system uses what they call POI tracking which stands for Point of Interest tracking. Basically this camera reads the gps of the POI, the object being filmed, and then points in the correct direction. Unfortunately path must be set for the actual copter travel only the camera direction is set via the POI tracking. The copter itself is a small six rotor design which in this video has a Digital SLR with video capabilities mounted to it. Information on the Point of Interest Tracking System can be found here
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