I am in the process of assembling a brushless gimbal platform for a Sony Action cam.
The hardware-gimbals and motors for 2 axis was about $75. The controller set was about $150 and was the Alexmos board with 3rd axis board and IMU (Inertial Measurment Unit?).
I am waiting for the Sony HDR AS100 to ship in Feb, I returned my AS30 inside the Amazon 30 day option.
I am expecting a rig that will stabilize this small camera for handheld nature shots, walking, driving, or other movements. This will be done for less than $300 with nuts, bolts, hanldle, and battery.
This low cost tech is just getting traction, and will refine itself greatly in the next short months.
A full size DSLR platform is possible for about $600-700 (a DIY project). Perhaps less as production sources ramp up.
I think this capability is going to be widely available, and affordable for many videographers.
Currently you can get roll, pitch, and yaw stabilization with smooth follow in yaw and pitch.
I have seen a video of a rig that also stabilizes in linear horizontal plane, in a modest range, with smooth follow and recenter.
Much of this activity is for aerial videos on small copters. Check this site for a lot of info.
There are many video clips of how things work.
If you scroll way down you will see the 5 axis rig.
This stuff may have been referenced in other threads, but I add it here FWIW.
Cheers,
Mike