Light field photography promises to do away with hundreds of years of lens design and aperture restrictions -- and it's coming to a point-and-shoot camera near you!

Lytro, after admitting that its overly expensive, low-resolution light field camera was merely a "novelty," has announced its new Illum camera. The Illum is much larger than its predecessor ...

The original camera, which was priced at $399, was mostly a niche product that sought to prove the viability of light-field photography. Lytro has declined to provide sales figures for that model.

Lytro utilizes a technique called light-field photography, which according to CNET, has been an active field of research for years.

The spherical head unit includes hundreds of tiny cameras that measure light coming in from every direction, a technique known as light field photography. The camera will allow viewers to do things ...