I've been using Autostitch for over two years now and the iPhone version was one of the first purchased (just after the Hipstamatic, of course) in the days after getting my iPhone.

I've made more than a few iPhoneoramas to date using the iPhone version, but this is my first 360:

iPhoneorama

I've been wanting to do a pano of the hoist with the 23, the peg bag and the vine for sometime - the big camera was just too awkward to get in there.  The iPhone on a tripod was perfect for getting right where I wanted to be.  There are a few stitching errors and you notice them in the interactive version (below) more.  The hoist, 23, the peg beg and the vine - *awesome*.

Grand application, this Autostitch - I'd suggest getting in on every platform possible. If you're really keen to make panoramas, you could also get AutoPano (non-free) on your big computers.

This pano looks rather sweet on SPi-V (requires shockwave) and I'll work on a flash version this weekend.

iPhone holder on tripods:

iPhone holder..