Sorry to bump my own thread, but I just tried this with my brother's Sony EyeToy camera using these drivers (unarchive, plug camera into USB port, tell Windows to install from the folder you unarchived into when it prompts for drivers). The difference is amazing when compared to my crappy webcam (excuse the decor):
CrapCam:

EyeToy:

The crappy webcam is very jerky, slow and laggy (maybe 10 frames per second at a guess, with perhaps a quarter second lag), while the EyeToy updates very nicely, pretty much in real time, maybe 25-30 FPS (with a very small lag indeed). My local GameStation gets EyeToy cameras in from time to time, for around £12 ($20?), so I'll be picking one of these up... they're great!
BTW TomToad -- that second example is very trippy!
CrapCam:

EyeToy:

The crappy webcam is very jerky, slow and laggy (maybe 10 frames per second at a guess, with perhaps a quarter second lag), while the EyeToy updates very nicely, pretty much in real time, maybe 25-30 FPS (with a very small lag indeed). My local GameStation gets EyeToy cameras in from time to time, for around £12 ($20?), so I'll be picking one of these up... they're great!
BTW TomToad -- that second example is very trippy!