Software Turns Cameraphones into PC Webcams
"Mobila" is a bit of software that turns many mobile phones into webcams over USB or Bluetooth. (It looks like most Windows Mobile 5 and 6 devices are supported, as well as several Nokia and Sony-Ericsson models.) It's five bucks, but there's a free trial so you can see if it works for you. I'm somewhat surprised this isn't a default bit of software for most of these phones.
Product Page [Warelex.com via Red Ferret]

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There's a free program that does the same thing for WinMo phones that's been out for a while. They only seem to list HTC models though.
http://www.ateksoft.com/
actually #1: it isn't free, it's just a trial, that only gives you a minute of videochat time before cutting you off...
Re: the OP
it isn't 5$, it's a cool 15$
Yep, 15 dollars, which is 5 bucks in real money :-p
Might be neat to attach to an RC car, as long as it doesn't wreck and wreck your phone.
-or go off out of BT range.
You should spell this word with o - "Mobiola". I've reviewed this application in my blog here: http://symbiancorner.blogspot.com/2006/12/mobiola-web-camera-for-symbian-nokia.html