1. A video processing system comprising: a wide-angle optical system configured to receive an optical image; a high-resolution image sensor coupled to the optical system and configured to convert the optical image to an electronic image; an image processing circuit coupled to the image sensor and configured to receive and process the electronic image, one of its tasks being to correct optical distortion on one or more regions of interest of the electronic image through reference to a table of parameters specific to a combination of the optical system and the image sensor, each of said regions of interest including at least a portion of said electronic image from anywhere within said electronic image, said image processing circuit configured to perform event detection in at least one other area of the electronic image; a control circuit coupled to said image processing circuit and configured to receive movement and zoom commands to transmit a signal to said image processing circuit relating the movement and zoom commands specific to at least one region of interest in said electronic image, while said image sensor also performs said event detection; and an output circuit coupled to said image processing circuit capable of outputting in a plurality of electronic signal formats.