360 Panorama ($.99) http://occipital.com/360/app
Capturing panoramas are now easier than ever! Just open the app, tap the screen and pan your phone in any direction. Your panorama gets stitched together as you go. When you're done, you can instantly save your panorama or share via email, Twitter, or Facebook.
In real estate, we used to pay hundreds of dollars to have this done for virtual tours and we would have to wait days to get it back. Now it can be done and on a website before we leave the house.