Macenstein points us to an interesting video which claims to create a "holographic" effect on the iPhone by performing real time adjustments to the image based on rotation:
Our only confusion is its apparent ability to detect rotational information on what appears to be a flat surface. Of course, it's possible that the demo was performed on an angled surface.The application works by assuming a constant viewing angle (35-45 degrees), typical for when the device is placed on a tabletop. The 3d scene’s perspective is warped using anamorphosis, the same technique used in Hans Holbein’s painting The Ambassadors. This application does the exact same but updates dynamically.
See Video
Article Link