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This open-source project is being developed to help researcher gain more control of camera processing. Another open-source camera project, the Canon Hack Development Kit, allows some control through a series of enhancements, but according to the Frankencamera FAQ: "you can't use them to reprogram the camera's pre-capture sequence (metering and focusing) or to replace its post-processing algorithms (demosaicing, denoising, sharpening, white balancing, tone mapping, etc). The Frankencamera fills this gap"
If the popularity of the CHDK is any indication, the Frankencamera is sure to have a cult following.