Greetings, Michael Ulyanov,
I am not certain that I understand what you wish to accomplish.
ICE does create a panorama, however a panorama is only a bubble of photography from a single perspective. If you wish for the camera to move all the way around a building, only a photosynth will be able to handle the camera movement - not a panorama.
If I am not understanding your question, please write back and help me understand.