I've done a few stitched multi-photo panoramas from my recent hikes in the White Mts of New Hampshire. I don't use any special photo-stitching software; I just carefully layer and merge one photo after another by hand in PhotoShop CS. The first photo shows the ridgeline between Mt Lincoln and Little Haystack (where I'm standing), the next two are from the Lion's Head Trail not far from the summit of Mt Washington. Let me know what you think.
http://www.pbase.com/dkusner/image/33457833/original.jpg
http://www.pbase.com/dkusner/image/34411086/original.jpg
http://www.pbase.com/dkusner/image/34469359/original.jpg
My White Mts gallery is at http://www.pbase.com/dkusner/white_mts_2004.