Neat. Didnt Microsoft release a tool that morphed between two photos a decade ago? I dont recall the name unfortunately, but the effect was similar, less quality.
Very impressive for the time.
From what I can see, they later revamped PhotoSynth to include actual 3d mesh reconstruction in 2014.
In morphing you end up with a blury mess for the between frames. This technique tracks individual features (eg eyes) and keeps them coherent.