I'm just embarking on a masters project using the shapetape as part of a scanned synthesis virtual instrument. Scanned synthesis could be described as wavetable synthesis, where the wavetable dynamically changes - in my project I will be scanning the shape of the shapetape, which the user can manipulate with their hands to alter the timbre of the intruments sound.

For more about scanned synthesis see:
www.billverplank.com/ScannedSynthesis.PDF
www.csounds.com/scanned/