Check out some hotness from Microsoft Research:
According to PetaPixel,
A new Automatic Image Completion feature is similar to Adobe’s Content Aware Fill, except Microsoft’s version is geared toward filling in the missing sections that are often found in stitched panoramas. This creates (albeit artificially) a nice clean look without having to crop your panorama and throw out details.
There’s also a new video-to-panorama feature that lets you take frames from a video and stitch those together to create a motion panoramic image that shows a subject multiple times as they travel through the frame.

[YouTube]
I like it. Especially the video capabilities, now we need to add full 3D capability useing natural parallex imaging.