1. A method for creating a three-dimensional video sequence of a scene, the method comprising: utilizing a two-dimensional video sequence of a scene, the two-dimensional video sequence including a plurality of frames; selecting a target frame from among the plurality of frames; selecting a first subset of frames, N, from among the plurality of frames that are associated with the target frame; identifying and classifying static and moving objects utilizing the first subset of frames; extracting depth data of static objects utilizing the first subset of frames; selecting a second subset of frames, n, from among the plurality of frames that are associated with the target frame, representative of a stereo displacement that is substantially different than the displacement represented by N; utilizing the second subset of frames to calculate depth of moving objects at the time of the target frame; and combining the depth values of static and moving objects to generate a three-dimensional video frame.