That's really neat. Here's the more expensive (but not that much more) less-specialized competitor:
The TS5 (FT5) has a built-in intervalometer. You can set the interval from 10 seconds to 60 minutes between snaps. You can preset the precise start time within a 24-hour period. You can set the max number of snaps. And here's the neat thing, within the camera it will take all of those mpegs and make a full HD 1920x1080 30fps (or 6 fps) MP4 video. No computer software needed. And of course you have all those 16 megapixel jpegs too, use of the zoom lens, manual controls etc. And you have wifi remote control and viewing.
What's the rub: as Bill said for his camcorder, if you cannot plug in the TS5 into an AC outlet (which you can do with an accessory), the battery limits the number of snaps to about 400 (that is not the theoretical limit of the intervalometer).
The TLC200 on the other hand does up to 300,000 snaps (!) from 4 AA batteries (but you cannot, unlike the FT5, leave it out if it rains or is freezing). You get a 1280x720 avi video (frame rate not specified) and can choose between 1 second and 24 hours of interval.