Neatorama reader Daniel Walton told us about his new project, a downloadable software called Snap! that turns your webcam into a photobooth (you can add stickers, speech bubbles, and "wacky fun-house" filters).
Not having a webcam (yes, I'm technologically behind ... waaay behind), I can't tell you how well it works, but here it is: Link - Thanks Daniel!
By the way there's a new website where you can shoot "real photobooth" pictures in strips of 4 using a webcam. I think it's very neat: http://waves.tv
I recommmend it to all photobooth enthusiasts ;)