Genius!
Make one of these:
From one of these:
and end up with footage like this
the go pros are great fro timelapse stuff - and because you end up with a huge frame you can pan and scan through the timelapse for a great effect also - to do a fake dolly in out or cross move
the only downsize is that without shutter speed control you cant create longer exposures for nice motion blur / correct video motion blur - which makes timelapse so much smoother.
cant complain for the price though !
Top tip gallah.
If there is one thing that makes me swell with Ozzy pride it is using unrelated tools to get a top result!
It's the Ozzie way! 
(with a bit of Chinese/Swedish input also and the Yanks have obviously been copying out Ozzie inginuity
)
^^^ True
Still this is one of those things you look at and realise it was an "obvious" thing to do.
I have one of those timers, have used it a stack of times to, well, time things but never thought to stick a gopro on it.
I went on a bit of a GoPro time lapse kitchen timer panning bender earlier this year, here's one of my faves-
