I tried to use photomerge in Photoshop, and the results were ridiculous. I have a friend who has an iPhone, and I have an Android. He uses a simple panaroma tool on the iPhone, and I downloaded a photomerge app for the Android. The results were incredible.
I took a bunch of snapshots to see how Photoshop could handle it, and this is the laughable result: http://oi49.tinypic.com/de0get.jpg (notice all the banding).
First photoshop removes thumbnails, then no one can properly use the new oil painting filter, and then simple FREE apps for mobile phones outperform Photoshop.
Come on Adobe -- get it sorted.