Open source security camera

The aim here is to create a competitive security/surveillance camera solution entirely open source.

Functionality Expected

• High definition video recording w/ sound option
• IP-based solution
• Ethernet model should have POE option
• WiFi option
• On-board storage capability
• On-device web interface
• Multiple streams (sizes, codecs?)

Build-it-Now Solution

If I had to build something close to what I intend with this project in less than a week, this is how I'd do it:

• Raspberry Pi
• USB webcam
• POE power / data splitter (And a POE switch or injector)
• Install webserver, back-end programs / scripts and streaming service (with VLC?) to RPi
• Create case / mount

Ideas

• USB camera, not RPi-like camera modules
• On-board storage is SD card (maybe even ROM on its own internal microSD?)
• Could be custom PCB based on RPi