I found a program that makes time lapse easy: Gawker
Here is the first presentable result. The view from my living room window and captures almost a whole day from 6am to 9pm in just over a minute.
EDIT: youtube quality is not very good. This is the same video uploaded to vimeo. Watch the youtube version for comparison after clicking “continue”.
Unfortunately youtube screwed up the first 5 seconds of it.