3D rotation effect?

3D rotation effect?

Is it possible to create a flat rectangle in Jquery, then rotate it 90 degrees in a 3D effect?

http://www.dopeless-design.de/dopeless-rotate-jquery-plugin-360-degrees-product-viewer.html <- sort of an example.

Essentially I'd like to understand perspective controls in Jquery. Am I thinking along the right lines that this is a modified usage of scale and skewing?

Thanks for reading!