This is presented to show off the results of my work. I will answer any basic questions in the comments until I post a full instructable (in the works).
Photobooth BOM.xls19 KB
Photobooth BOM.xls19 KB
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The first two are proprietary software but the third program can be had for free.
When I was initially looking at the software for this purpose, I had gotten hold of the Canon SDK so that I could write my own program for free (a much larger undertaking than I am prepared for). Unfortunately, I had to design and put all of this together in one month's time so I went the fast and easy route with proprietary software.
In the future, I plan to implement some code that will automatically upload photos to Flickr. I believe it can be done freely and relatively easily with a combination of Processing and ThingSpeak.
There are actually two sources of light for this system:
1) There is a single, recessed CFL ceiling light. This one is always on but is not very bright.
2) I also got a very good, older flash for the camera. It is a Vivitar 283 and it was fairly cheap on ebay ($20-$30). I also bought an ac adaptor for it so that I did not have to worry about batteries.
Thanks for your comment!