There's a new app out from the makers of Instagram that's pretty incredible. Imagine trying to get the perfect video shot that has the option to be time-lapsed yet still stay smooth and steady at this faster speed. Sure you could buy and expensive tracking rig or Steadicam mount to get that smooth shot and look like a pro, or just download a free app for iPhone (sorry fellow Android users, its not out for us, yet). Hyperlapse, the free app from the makers of Instagram, has mastered the mechanics of a professionally done tracking shot and gave it to us for free by using gyroscope stabilization in the iPhone. It looks pretty darn good.

Hyperlapse Download link (iTunes) here.

Check out Boris' early-morning speed test of this app.