Now Pano 3 (click opens iTunes) rewrites the rules for taking panoramas with your iPhone. The new version can automatically meld up to 16 photos, providing 360 degree panoramas. The team at Debacle added a way to resume interrupted panoramas, so if Mom called right as you were taking the fifth shot in your series of sixteen, you can pop back into Pano 3 and start right back up.
While the capabilities of Pano have increased, the price remains the same low $2.99US. I use this app a lot, and it's just about the most fun that you can buy for $3. If you have an iPhone and love to take photos, Pano's deserving of a place on your home screen.
After you've shot a few panoramas with Pano 3, take part in Debacle's I Love Pano Pano Panorama Contest. A group of TUAW bloggers are judges, and there are some great prizes.