Couple of years ago Microsoft Research came out with a nice piece of software, the Microsoft Image Composite Editor. A software that gave effort less ability to any one with any camera to create beautiful and amazing panoramic pictures.
Recently, Microsoft has released a new version for the ICE with ability to create panoramic images from a video too.
Download -> http://research.microsoft.com/en-us/um/redmond/groups/ivm/ice/
- Native Support for 64bit Windows.
- Video stitching works only with Windows 7.