Microsoft have released Hyperlapse for Windows, Windows Phone and Android, which is a really cool way to make smooth time lapse videos from original videos you shoot on your mobile phone and cameras like GoPros and your drones!
A hyperlapse is to all intents and purposes a video that has been sped up and smoothed out. So if you record a video whilst cycling, skating, sking, driving a car, or pretty much during any other activity and then use software to speed it up, you will get a bumpy difficult to watch video. Hyperlapse smooths out the bumps using software-based video stabilization technology from Microsoft Research.
There are demo videos available at http://research.microsoft.com/en-us/um/redmond/projects/hyperlapseapps/ and a download available at http://research.microsoft.com/en-US/downloads/b199c523-bcd9-4a1f-b58b-af75bd5c621c/default.aspx .
I have some videos from a holiday in Scotland last year and will see what Microsoft Hyperlapse does to them!