Windows 8 may be finally getting a webcam application for taking pictures and video. A YouTube user has posted some videos showing off the new webcam application. The video below shows off the app and we can see it has a basic UI (which could be changed in the future) which allows the user to configure webcam settings and application settings, the ability to take timed or instant pictures and record video clips.
If we navigate to Application Settings, there are five options: Webcam, Audio source, Resolution, Frame rate, and Audio recording level. Webcam Settings has five options: Brightness, Focus, Exposure, Zoom, and Flicker.
Personally I think it's long overdue, a proper webcam application in Windows - can't wait to get my cam on!