KinectFusion: 3-D Models in Real Time by MicrosoftResearch
Microsofts official take on using the Kinect hardware for real-time 3D modelling:
KinectFusion takes live depth data from a moving depth camera and creates high-quality 3-D models in real time. The system enables a user to scan a whole room and its contents within seconds. As the space is explored, new views of the scene and objects are revealed and fused into a single 3-D model.