This paper presents a novel event-based vision sensor with two operation modes: intensity mode and spatial contrast detection. They can be combined with two different readout approaches: pulse density modulation and time-to-first spike. The sensor is conceived to be a node of an smart camera network made up of several independent an autonomous nodes that send information to a central one. The user can toggle the operation and the readout modes with two control bits. The sensor has low latency (below 1 ms under average illumination conditions), low power consumption (19 mA), and reduced data flow, when detecting spatial contrast. A new approach to compute the spatial contrast based on inter-pixel event communication less prone to mismatch effects than diffusive networks is proposed. The sensor was fabricated in the standard AMS4M2P 0.35-um process. A detailed system-level description and experimental results are provided.