Is it possible to conceive of a system that would use a stationary camera with a fish-eye lens to effectively provide the same images as a camera that was actually panning and tilting.
Electronic pan/tilt camera
cameraideasimageprocessinginterfacesensor
Best Answer
The results would be pretty awful. The distortion from a fish eye lens would result in images that look ridiculous compared to image stitching. Although your results of the stitched images vary based on the quality of your lens, all fisheye images I've ever seen result in vertical lines looking bowed.
http://wiki.panotools.org/Fisheyes