I had to try, with some downhill skiing footage I took a few weeks ago. It works well with the stabilizing[1], but screws up the FOV. The footage fed to the Hyperlapse program had even more details vertically than the first clip in my video[2]. Maybe it's too much motion skiing down, or it is unable to process the stuff too far away?
I think the horizontal stabilization is working fine the lines in the snow snake back and forth a lot and maaaats is slaloming back and forth making it look jumpy where it isn't.
This is probably a pretty hard video to do since so much of the field is just plain white snow.
Yeah, you are probably right. And compared to other videos with hyperlapse, there are no close reference points here. No buildings or trees, just mountains far, far away, which may be hard to extrapolate anything from.
[1]: https://www.youtube.com/watch?v=_CvzPyQF7fA [2]: http://imgur.com/w1mLrM6 (not the same frame in both pictures, but you get the idea)