You read right folks! The guys over at lomography.com have released a new 35mm camera that takes a 360 degree shot. The Lomography Spinner 360° is built onto a handle that you hold, using your other hand to pull a cord that sends it spinning, rapidly capturing everything around you.
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The result is an extra wide-angled panoramic image, four times longer than a standard landscape picture.
The Spinner will shoot on any 35mm film, and you'll get about 8 shots (on a 36 frame roll of film).
The camera's micro-site says this:
Inspired by a futuristic concept from the 1980s, the Lomography Spinner 360° takes panorama photography to an all new snapshot level. Shoot from the hip, do the rollercoaster, the backflip, toothbreaker, timescan or manual long time exposures. There’s practically no limit to the experimentation offered by this camera! Every bit of your 35mm film is fully exposed and results in the sprocket-hole look unique to analogue photography.
lawypop took this shot using the Spinner:

And sinvertigo took this one:

To check out or buy the Lomography Spinner 360°, here's some links:
The lomography shop
The Spinner gallery
The Spinner micro-site