Review: 360 Panorama for iPhone
In terms of simplicity and ease of use, 360 Panorama is exceptional, and it's certainly neat to see your panorama being generated right in front of you. Unfortunately, the app lacks the ability to edit the photo once it's been captured, leaving you with possibly uneven edges that could require further tweaking elsewhere. However, for quick and dirty panoramas, this is probably one of the best on the market.
http://rss.macworld.com/click.phdo?i=879a155188af47053153c7dc0f13066d