Hi Feppe
I do apologize for the lack of information on the site at present, after finishing the prototype I just wanted to get an idea of the interest level but I'll be adding to the site as I go. To answer your questions, your assumption is correct, it is designed to attach a digital slr and stitch images but it works from a large format lens not a 35mm as you were thinking. This means an image circle with a diameter of around 150mm or more. How much of that image you will be able to cover with this camera will vary depending on the capture device mounted, but there is substantial movement possible vertically and horizontally with a digital slr.
Some of the camera functions are lost as there is no electronic connection between lens and camera, but metering is done in manual or shutter priority and adjusted based on the histogram reading. I'm afraid I can't say about live view, as my camera (Sigma SD14) doesn't have that function, I'll have to look into it in the future, maybe test it on a friend's camera. The exact benefit in terms of pixel count is difficult to say as it will vary between cameras, the window in Stitching Camera is 80 x 60mm but as the sensor is set further back it will in theory cover a larger area than this, again this will vary depending on the capture device and lens used, light from a wide angle lens will pass through the window at a greater angle. If we use the size of the 80 x 60mm window as a guide though, stitching camera should turn my 4.7mp Sigma image into 77mp image.
To give some very rough specifications (as these will change for the production model), this is quite a substantial camera designed for use in a studio. It weighs about 3.5 kgs or 8 lbs, I would like to bring this down slightly. The overall length will be about 300mm on the production model, height is about 250mm to the top of the thumb nut.
I hope this helps, Feppe.
Kind regards
Jonathan