At 11:29 PM 7/15/2002 -0600, you wrote:
Is v4l capable of performing high end camera functionality
No. v4l2 maybe, with a few custom controls. There is a smaller variety of supported v4l2 hardware.
v4l was designed to capture video streams from video capture cards. That is what it is best at. Its camera controls are kludgey and/or non-existent.