With Image Composite Editor (64-Bit), you can easily stitch your images together to create a seamless panorama. This enables you to take a set of overlapping photographs of a scene shot from a single camera location and creates a high-resolution panorama incorporating all the source images at full resolution. You can then save the stitched panorama in a wide variety of formats, which include common formats, such as JPEG and TIFF, as well as multi-resolution tiled formats, such as HD View and Silverlight Deep Zoom.
The program compresses images before it stitches leaving the end result a tiny version of the original. My results were fuzzy and pixelated. Any amount of zooming instantly exposed the issue. Printing a pano any larger than 2 or 3 inches in height (length depends on shot) would not produce useable results.
I guess it would be useful for stitching low quality photos together, the end result being used exclusively online. Anyone expecting print-worthy images from this program will be very disappointed.