Pioneer announces MEMS-based LIDAR for self driving cars [pdf]
pioneer.jp
pioneer.jp
EDIT: My coworker points me to an article that clarifies that "low cost" here means $80, not $800 like I'd assumed.
http://www.itworld.com/article/2980018/pioneer-harnessing-la...
I'll grant you that saving 5.25 feet at 80 mph is definitely going to make a difference very rarely, but it will happen to some degree.
Also there's no pricing so I suspect it's super expensive, which is not at all what the parent was suggesting "but my money is on an array of super cheap cameras and better image recognition"
I suspect that LIDAR is also going to be fairly immune to glare where as vision systems are probably susceptible. Having a big depth hole open up in your mapping/planning system because of glare would likely bring the car to a screeching halt (literally) which isn't going to be good for the other cars around it.
But when the cameras go out completely (or get blinded or whatever) then you could end up with a really degenerate case where the software can't keep up with the car's motion and it freaks out and crashes (literally or figuratively).
Prior to suggesting that this couldn't happen, or would be extremely unlikely to happen, please remember the results of the Toyota "unintended acceleration" investigation: https://news.ycombinator.com/item?id=9643204
However, regarding binocular versus LIDAR in general, I would say that while a greeter frequency is always better 15 Hz should be fine. And in fact the awesome $70,000 LIDAR used by Google's self driving car only runs at 15 Hz.
http://velodynelidar.com/lidar/products/brochure/HDL-64E%20D...
Spinning mirrors are also somewhat delicate which can be a problem for automotive applications.
The Pioneer press release doesn't say much. The usual specs are X and Y pixels, field of view, and range, none of which they give.
https://en.wikipedia.org/wiki/Microelectromechanical_systems