Inspired by mkrishnan's post I wrote a little tray applet to monitor and switch your camera status.
Again, step-by-step instruction on how to install:
1. Open terminal.
2. sudo su
3. cd /usr/bin
4. wget
http://berkus.madfire.net/eeecamtray.gz5. gunzip eeecamtray.gz
6. chmod +x eeecamtray
7. Now type eeecamtray and it should start up. Play around, if everything is ok, Quit it and go to next step.
8. pico /usr/bin/startsimple.sh
9. scroll down until you see line saying "wapmonitor &"
10. directly after it type in "eeecamtray &"
11. save and exit
12. restart your eee and enjoy!
I'll upload the sources for interested folks shortly.