During the SIGGRAPH 2011 conference in Vancouver this week, a team comprised of researchers from various universities showed off a demo during a Microsoft Research presentation of how the Kinect Xbox 360 accessory can be used in the real world to create real-time dynamic 3D models. The project, dubbed “KinectFusion,” shows off the Kinect’s ability to render 3D models of an entire room nearly instantly as one researcher pans the accessory around. After the device has scanned the entire area, KinectFusion is capable of creating a 3D texture-mapped model of the entire room using a Kinect RGB image. The technology could be used to create highly immersive augmented reality games or, as TechNet points out, for architectural purposes on a budget. Hit the read link to see a video of KinectFusion in action.