I have to admit, I am usually not the biggest fan of interpreted languages and high level programming. But in this case, they were very convenient.
This is thus a small article about what you can do in 3-4 hours with Matlab and a FTDI USB connectivity to your project. As an example, here is a project where my webcam output (well, kind of) gets displayed on my led matrix:
Electronic projects and Matlab
By limpkin on Thursday, April 7 2011, 19:33 - My Projects