Taking panoramic photos with your regular digital camera can often lead to less than satisfactory results. The level of success usually decreased with the number of shots you are trying to stitch together.
Some cameras provide you with stitching software to use on your desktop computer, while some have guiding lines in the viewfinder to try and help you capture panoramic shots. However now there is a hardware alternative called the Panamatic.
The Panamatic is a level which has been designed to mount between a tripod and a camera. The Panamatic will fit any standard tripod and hold the camera in an absolute horizontal position. It will index into twelve positions, and rotates a full 360° to assist the photographer in taking panoramic pictures as well as today’s Virtual Reality sceneries. There are certain instructions as to what kind of lens you can use but it looks like most compacts should work fine.
The Panamatic seems to be exclusively available from Lenspen.com for $24.95.