The project consists out of two parts:
1) A camera emulator that can be used to stream video to an application like Skype. (Virtual Camera)
2) A Virtual Camera SDK (C#) that we can use to give instructions to the above mentioned virtual camera. Like playBuffer with a byte being passed to stream to the virtual camera.
Example of the what we want can be found at: http://www.e2esoft.cn/vcam/