This isn’t the first doggie cam. And there’s a tutorial floating around the internet (a few actually) that show how to make one (though they cost about the same as this). Or you could just buy a spy camera and attach it to your pet’s collar.
It’d be interesting just to see what Monty does all day. If you see a new link to “Monty’s Flickr” in my header links, you know I broke down.