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Earlier quoted context omitted.
The second example doesn't, IMO, demonstrate the kind of deformation tracking the example in the OP does. As far as I can tell, they are able to get a depth representation, segment objects from a video, get an approximation of surface normals and reflectivity for those objects, and project a shaded surface onto those objects. What they do not seem to be able to do without IR markers is project a diffuse texture to an…
You say that like it's not ridiculously impressive and interesting. Could you imagine using something like this for reviewing finish options for a product with zero turnaround time?