It looks quite interesting. Shame I have neither an EyeToy nor a PS2. I'd like to see some screenshots, though. More notably of the storybook bit, since I'm curious as to whether or not the pictures are photo-like or there has been (decent) manipulation of the picture to make it look like it was actually part of the storybook.
The Pom Pom Party game mentioned in the article(s) is questionable, though. [disturbed]