I have to admit - I'm fairly excited about this component. The basic idea is that if you can attached a value to a sample point, then interpolation can give you an expected value at a test point somewhere between the sample points. Our component simply generalizeds this to arbiterary dimensions - allowing for morphing, keyframing, basically any kind of interpolation you can think of.
I'll try and work up some crazier examples but this video should give a good idea of the basics...
Multi Dim. Interpolaiton will be included in the May 20th release of the SPM Vector Components.