You should already start to see that working its way out: the iPhone 4S does video stabilisation, I am sure high-end Android phones do or will start to do the s

You should already start to see that working its way out: the iPhone 4S does video stabilisation, I am sure high-end Android phones do or will start to do the same. The algorithm being discussed here is specifically designed for when information about the camera or environment is not available: there are much better ways of carrying out digital image stabilisation on the device itself, such as using the accelerometer data to compensate, or in significantly advanced cameras (DSLRs, for example) compensating by moving the lens itself.