Time of Flight (ToF) sensor called the TeraRanger One. Developed in cooperation with CERN, this sensor uses a very narrow beam of light (listed as +/- 2 degrees) to accurately measure the position of an object to a resolution of 5mm, with distances up to 14 meters away. It boasts an impressive update rate of >1000 samples a second, and is very micro-controller friendly with UART, I2C, SPI, and PWM output.
[Paul] and his fellow hackers at the Post Tenebras Lab Hackerspace in Geneva got their hands on this sensor, and in a short time had a ball balancing robot up and running. The crude program is not running a PID controller, so the results seen in the video after the break aren’t that impressive. Also, the sensor isn’t exactly cheap at about $180 USD. Despite that, it will be interesting to see what applications these sensors will be used for. If you have any ideas, leave them in the comments below.