We worked on a project not dissimilar than this for a film called Bodysong... it's basically a film made up of archive footage to show someones life...
We built a database that allowed you to fly through the different chapters using a bespoke 3d engine.
This looks like the natural porgression of it... nice!
we also ran our database of images through a program made in director that would pick a key colour for each image... therefore allowing the stream of images to appear beautiful before the image for that section streamed in.
our company site can be seen at http://www.engagestudio.com