Hi Colin, all Hyperlapse videos get saved out to your Camera Roll, and no FB or IG account is needed to use the app (there are sharing options for those two in the app, but they aren't a requirement to using it)

Wow, so does all the processing happen on the phone itself? That's impressive! I thought it was sent on a server to be processed.

Yeah, for me the biggest advantage of the Microsoft project is I don't have an iPhone and even if the Instagram software ran on my Nexus 5, I'm still primarily interested in using this with video from non-phone cameras (specifically my Canon 70D and my Sony A7).