Have been meaning to post something with the CMUCam for a while now. It is one of my favourite robotics toys (and VEX compatible)!
The CMUCam is a small but powerful embedded camera module that is able to track objects based on their colour. It can track at around 25 fps at 320*240 resolution, and about 11fps at double that resolution. It can detect both position and size of an object.
Here is a video I made of the CMUCam2+ tracking a green clean sweep ball:
And here is another one I made a few months back on a small fire fighting robot that can track a flame (The shell is a rapid prototyped Hummer I made in CAD).
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Big thanks to the RobotC Team for adding CMUCam support for the Cortex, and for helping me to get it working at the last worlds.
I would like to set up a video tutorial, but am in the middle of exams right now and it would take quite a while to go through the whole setup and explain it properly.
Will be finished in a couple of weeks though, so will post some more detailed info then.