If you haven't seen the amazing 360-degree replays made possible by Replay Technologies you should really watch this video. The technology is called FreeD and makes Matrix-like 360-degree viewing possible on the fly.
FreeD video replays are created using 12 ultra-high (3840 by 2160 pixels) definition "Tacticam" cameras placed throughout the sports field. This 3D 360-degree rendering takes about 30 seconds to complete and should take the guesswork out of instant replays.