Microsoft Image Composite Editor is a handy utility that will allow you to merge several files and create a panorama image in no time.
You shoot a set of overlapping photographs of a scene from a single location, and Image Composite Editor creates a high-resolution panorama incorporating all your images at full resolution. Then save your stitched panorama in a wide variety of formats, from common formats like JPEG and TIFF to multi-resolution tiled formats like HD View and Silverlight Deep Zoom.
NOTE:
Non-Commercial Use Only

· State-of-the-art stitching algorithms
· Advanced orientation adjustment view
· Exposure blending
· Output in many formats: HD View, Silverlight Deep Zoom, TIFF, JPEG, PNG, and more.

Requirements:
· .NET Framework

What's New in This Release:
New features:
· Stitch directly from videos such as MOV, AVI, or MP4
· Automatic lens vignette removal
· Improved blending engine
· Options dialog to control memory usage and scratch disk location
Additional features:
· Accelerated stitching on multiple CPU cores
· Ability to publish, view, and share panoramas on the Photosynth web site
· Support for "structured panoramas" — panoramas consisting of hundreds of photos taken in a rectangular grid of rows and columns (usually by a robotic device like the GigaPan tripod heads)
· No image size limitation — stitch gigapixel panoramas
· Support for input images with 8 or 16 bits per component
· Ability to read raw images using WIC codecs
· Photoshop layer and large document support
· State-of-the-art stitching engine
· Automatic exposure blending
· Choice of planar, cylindrical, or spherical projection
· Orientation tool for adjusting panorama rotation
· Automatic cropping to maximum image area
· Native support for 64-bit operating systems
· Wide range o...