the iCat app does exactly that.
Flips the phone in mid air, so it lands on it's feet (1 mm frame)
They have also hired former CIA agents who know a thing or two about dropping and they will be the iCeA iPhone case Enforcement Agency.
Long day. LOL!
http://techcrunch.com/2014/12/02/apple-patents-an-iphone-drop-protection-mechanism-that-changes-device-angle-in-freefall/