I've been playing with this idea for a couple of years. I guess it was just a matter of time that somebody built a product out of it.
Here's a test I did with DIY slider being thrown as fast as we could while shooting at 240fps. Clearly not the same effect on a straight path: https://www.youtube.com/watch?v=cKwX4pgLdS0
Here is a collection of Bullet Time experiments including one of the first ones created with FILM by the inventor of the effect!http://www.artworknotavailable.com/timeslice/
Here's a short piece I shot with my iPhone6.
Winter Dogs - https://www.youtube.com/watch?v=2czJDj0RAiQ