This is an open source application written for Fast Company Design. It is written in Processing.
Walkthrough of the application on Vimeo
There is the processing sketch folder if you want to look at the code, there's also the fluxAbstract.app that you can just download and run on your own. Both require that you install X11 if you're running Mountain Lion.
FluxAbstract by Scott Sullivan is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.
Based on a work at https://github.com/scottsullivan/FluxAbstract.

