A friend of mines that's an AutoCAD instructor at a local trade school in my home town just told me he might start doing some consultation work soon for some IT firm in Australia called "Australian Centre for Visual Technologies". Anyway, my friend told me that one of the products this company is in the middle of creating is a new 3D modeler which operates in a way I have not seen before. After watching a You Tube video on how this 3D modeler called "VideoTrace" works, I was just simply amazed on how this type of 3D modeling looks so easy to do, yet delivers some spectacular results. Now, this VideoTrace program is still in Beta development, so it's bound to get a lot better before it's full release. I am not going to say much more now, as seeing is believing, better to see the demonstration of VideoTrace with your own eyes:
VideoTrace You Tube video: http://www.youtube.com/watch?v=vda2RAEuW_g
VideoTrace official web page: http://www.acvt.com.au/research/videotrace/
Note: This kind of reminds me of an old 3D modeler I used to have about 10 years ago called "Canoma" from a now defunct company called MetaCreations, where it let you create 3D models out of scanned photos or drawings.