Squidcam II
It has already been going for a few weeks, and is definitely worth a look. Check it out:
http://www.thesciencesite.info/squidcam.shtml
The species is Sepioteuthis australis, and the eggs were collected on Carpophyllum weed off a group of Islands in the Hauraki Gulf, near Auckland, New Zealand.
As always, the discussion on tonmo is the place to go for more information.