This is Giles from Lynx - it was our technology at Boston Indoor Games. The "little boxes" were in fact custom radio transmitters in a velcro pouch (the tags really are small they weigh 0.2oz - about 5 grams - the pouch makes them look a little bigger than they are.) In a conversation with Bernard Lagat after the race he said that he was completely unaware of the tag during the race, and it certainly didn't seem to slow him down!
Unlike conventional tags, which are read at a specific location, the finish line or a split point, these are read constantly by a network of receivers. This means that we know where each athlete is - to a precision of plus/minus 6" - twenty-five times a second. From this information we can calculate velocity, acceleration, separation between athletes, distance traveled, distance to go, projected finish time, etc.. This data enables all kinds of information to be stored for later analysis: graphs, maximum and minimum velocities...the list goes on.
In addition, we can process that information in real time to a robotic camera that will follow the tag assigned to it: the camera auto pans, tilts, zooms and focuses to keep the object in the center of the field of view. Actually, the system can drive up to 128 robo-cams, so we can isolate any player/athlete.
We are still going through what we collected at BIG but we will be posting the videos later. We have some video that was collected at the Northeast Conference High School meet on the Thursday before BIG, but for some reason YouTube truncated the last few seconds of the race (the winner actually runs 4:59). The 'projected finish time' is based on a fairly complex algorithm that uses distance traveled, average velocity, current velocity averaged over last few seconds, instant velocity, distance to go...it jumps around a bit at the beginning as they kick off the line, but it soon settles down. Here is a link to that movie, and when I get the full versions of all the races, I will post them.
http://www.youtube.com/watch?v=h2RlNRw5Ps0
The camera that took this video was computer-controlled and guided by the tag on the athlete's shoulder.