It’s neat how a project from 2004 can still be relevant if it’s done really well. This is the case with AVRcam.  It uses an Atmel AVR mega8 and can do some pretty impressive things, like track up to eight objects at 30fps. The hardware and software is also open source, so it should be possible to build one yourself. There are many projects like it on the internet, though often they require much beefier hardware. Although, these days you can fit a computer inside a match box, so we see more and more projects just throwing a full USB camera on a robot to do simple things like line following.  It’s debatable which solution is more elegant, but maybe not which one is more impressive.