Matt, I'm thinking he only cares about the pointcloud being offline. Is that true, armando_60?
I was actually wondering about spherical photos working in future versions of Photosynth, myself, lately. I know there have been speculative comments about Photosynth working together with the ICE team or HD View guys in the future and I've definitely noticed that HD View is in the process of being ported to Silverlight as the Silverlight feature set allows, so I assume that it's still something that you guys would like to roll into one bag of tricks.
There's always someone that compares Photosynths to panoramas and concludes that panoramas are superior, except in ease of manufacture, where Photosynth beats them to the precipice of existence. I've always thought it would be amazing, though, to apply the Photo Tourism idea to fish-eye lens photography. I'm not sure how you visualise the transitions between them satisfyingly but a synth of panoramas would silence critics.