Light L16 - A Camera Breakthrough!
Well not sure how this one made it under my radar, but it would seem that this thing is something of a breakthrough. The Light LT16 utilizes 10 lenses to take pictures and soon 4k video, and is the size and shape of a smartphone. The multiple lenses are at different focal lengths, and the camera automatically stitched the images together to yield an image that has more dynamic range and post adjustable depth of field. Lowlight performance is 10x that of smartphones. You can read more about it he
Computational cameras are indeed the future- this (and Lytro) are early baby steps in that direction. Unless they've got GPU-level computing power, it's unlikely that video will use more than one lens at a time (and thus no computational video- live zooming or DOF changes. Multistream video which can be processed in post is more possible, though would still require a lot of computing power and storage on the device).