HyperLapse is a form of time lapse video where the camera is moved a fixed interval for each frame, resulting in a rapid movement through a time-shifted space. (Direct link to video)
This sequence if by Geoff Tompkinson, who also did a hyperlapse visit to the Hermitage museum, where you drift through the galleries and the humans appear like hyper insects.
The technique is low-budget but time-consuming. (Direct link to video) Griffin Hammond at IndyMogul shows how it's done in this video.