I received my Insta360 Air camera in the mail today. I was one of the backers of an Indiegogo crowdfunding campaign for the Air, so mine arrived ahead of the official release date. As you can see in the photos (below), this diminutive 360° camera plugs into any Android phone directly via the micro-USB port. It has no battery of its own. Instead, it draws power from the phone. Stitching and processing is handled by an app freely available from the Google Play Store.
For such a small device, the Air captures surprisingly high quality 360° photos and video (Photos: 3008 x 1504 (3K), Video: 2560 x 1280 (partial model support 3008x1504) at 30 Frames per second (FPS)). But the real party piece is the 360° livestreaming capability. I'll be testing that in the next week and I'll post links.
The Air also comes with a flexible stalk that connects to your computer's USB port, allowing it to be used as a panoramic webcam. I haven't seen this feature on any other 360 camera before, so I'm quite keen to try it out. Unfortunately, it won't work with my MacBook Pro just yet — the driver is not yet available for OSX. There's no estimate from Insta360 for when that might be available.
I'm a fan of the Air's design, especially the ability to stow it safely in a pocket. It tucks neatly inside its silicone rubber holder, protecting both lenses and the otherwise damage-prone male USB connector.
Overall, it's an impressive, feature-packed product and remarkable value for the price: $USD129 on Amazon.com
*UPDATE: Insta360 announced that they will be adding software-based realtime image stabilization to the Insta360 Air!