Our friend Carlos Asmat has built a Panoramic Camera with lots of build details. You can find the code that runs the system here and more results of the camera system here. 

"Materials

• Hitec HS-785HB Winch Servo Motor
• ServoCity SPT200 Direct Drive Pan & Tilt System
• Pololu Micro Serial 8 Servo Controller
• Hitec HS-425BB Servo Motor
• A digital camera
• Small plastic container
• Battery holders
• (Rechargeable) Batteries
• A piece of aluminum (I used an old heat sink)
• A long nut (of the same size as a tripod screw)
• A screw (that fits into the tripod attachment on the camera)
• A tripod
• Cable ties
• A small piece of neoprene (or any other mushy substance)
• A USB to Serial cable
• Some female headers and wires"