Auto-exposure can be disabled - mandatory for max fps.
30 frames per second capture rate - for good responsiveness and panning smoothness.
Low CPU usage - less impact on game frame rate.
An Outside mode or equivalently, the ability to disable anti-flicker - providing a more consistent frame rate for better panning smoothness.
Low price. (Low Price < 30EUR, Mid-price 30EUR-100EUR, High-price > 100 EUR)
I420 compression - more efficient and reliable than RGB compression.
Wide field of view (46 degrees or more) - allowing more head movement (alternatively the webcam can be positioned further away from the user).
Low image noise - less parasitic tracking jitter.
352×288 resolution - a little better than the more common 320×240 while not as demanding as the next higher resolution of 640×480.
Quality adjustment - for providing more than 30fps at reduced quality.