CNET News has an article about this interesting camera. From their summary : "The Ricoh 500SE GPS camera now includes something called an SE-3 GPS module, a three-axis compass developed by Honeywell that nails down position and direction (azimuth), then displays it on the camera's LCD. The data, in the form of point coordinates, are embedded into an image as it is captured. This gives the user a 3D "cones-of-view" perspective indicating the direction the camera was facing. It comes ready to use with mapping applications such as Google Earth and ESRI's ArcGIS (PDF.) A laser rangefinder connected to the camera via Bluetooth allows the user to enter accurate distances. "
Read more of this story at Slashgeo.