Okay, file this one under super-cool. A company called Parrot has built and demonstrated a flying model helicopter (quadracopter?) called the AR Drone. With four blades, it’s controlled by an iPhone using WiFi and the phone’s motion-sensing capabilities.

It also streams video from a camera mounted on the flying machine back to the iPhone. It’s a like mini predator drone for your living room or back yard (well, sort of).

I want one. Or at least to play with one. As a product it looks to be well-executed and a lot of fun.

Check out the Web 2.0 conference demo video below, as well as a Parrot video. A whole slew of additional videos from Parrot are available on YouTube.

You can also find out a whole lot more about the AR Drone from the Parrot web site – Just click here.

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