From my initial tutorial and example:
Hyperlapse Mobile is already proving an interesting video utility, though I thought it worth pointing out some caveats and tips based on my own experiences so far. In short, it's still something of a novelty, but there's a lot of fun to be had and fully edited and polished hyperlapses can be rendered and then stitched/edited entirely on your Windows Phone.
Just to give you a flavour of what you can do with 30 minutes of spare time(!), here's the finished video, shot in Hyperlapse Mobile on the Lumia 930 and edited in Microsoft Movie Creator on the 930:
In terms of ideas and content, almost anything works for Hyperlapse Mobile, but it's best to have an idea of what you want before you start shooting. And if you really haven't a clue what you'll use and what you won't, or in what way, then just go out and shoot a bunch of 720p video in Lumia Camera and then you'll have all this saved, ready for importing later on, with no risk of losing everything. Above, I was having to discard footage after each speed-saving decision. A risky strategy, but then it was just a demo video for readers - your video may be more important!
Not much has changed in terms of caveats and functionality, but every single Lumia is now compatible with Hyperlapse Mobile, either exporting to WVGA or 720p according to how much RAM the device has. It's not exactly an essential tool, but it is a lot of fun, and now everyone can join in.
You can download Hyperlapse Mobile in the Store here for free. Note that this is very different from Hyperlapse Pro, which uses desktop software and more user input to achieve a smoother result.