tuaw.com/2006/12/29/dream-recorder/
I don’t quite understand exactly what this does for you.
Is it a type of alarm or something that wakes you up based on your sleep cycle?
And then you explain your dream to it?
I have no idea. What’s the point in taking a bunch of pictures of yourself sleeping? I don’t get it.
maybe there’s a guy spying on you on the other side of the camera
He posts the videos on Youtube 
I think the purpose of this is to wake you up after or during your dreams so you will remember them better and it records the audio so you don’t have to write it down when you are half asleep. It seems like it would be pretty hard to sleep with the light from a computer screen pointed right in your eyes though…and I’m not sure why you would really want to see pictures of you sleeping…
I don’t know why you’d want still pictures of yourself sleeping, but a girl I know on another forum (Luminous) has a webcam watching her while she sleeps because she sleepwalks, that way she can see what she’s doing in her sleep. A series of 2 minute apart stills though? Got me…