At one time, this was the coolest free app for building 360-degree panoramic views. It's still cool, it just happens to cost $39.99 these days. The tool automatically aligns images, waroing them into true cylindrical view. You can correct for slight movements up or down from the origin of your shot perspective with a vertical perspective correction feature. Once you've completed your panorama, a java applet allows users to move the image up, down, left, or right on the Web. Test drive it for as long as you want, just realize the output will have a watermark. [Windows 9x/2k/XP $39.99]
ADG Panorama Tools
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