The objective of bullet time shots in The Matrix was to creatively illustrate "mind over matter" type events as captured by a "virtual camera". However, the original technical approach was physically bound to pre-determined perspectives, and the resulting effect only suggested the capabilities of a true virtual camera.
The evolution of photogrametric and image based CGI background approaches in The Matrix's bullet time shots set the stage for later innovations unveiled in the sequels The Matrix Reloaded and The Matrix Revolutions. Virtual Cinematography (CGI-rendered characters, locations and events) and the high-definition Universal Capture process completely replaced the use of still camera arrays, thus realising the virtual camera.
This is an article from Friday The 3rd Of June 2005.
'The designer of Apple's iPod and one of the biggest names behind Bluetooth chip technology have received honours from the Royal Academy of Engineering.'
The Ipod: 'It dominates 80% of the music player market; by the end of 2005 more than 35 million iPods will have been shipped.'