What you appear to be describing is the difference between photosynths and panoramas.
Panoramas have been around for ages and they are good for showing the view from a single position because they can be like a spherical photo. If the photographer takes some extra care while shooting, you shouldn't be able to see any seams in the overall panorama.
Panoramas have the following limitations:
1: The camera lens can't change location forward, backward, up, down, left, or right between input shots for a panorama because that kind of movement will change how foreground objects line up with background objects. Panorama stitchers cannot handle this sort of change (parallax) because panorama stitching is 2D stitching.
2: You can't zoom in or out between input shots.
3: For the smoothest blending, you shouldn't allow the lens' focus or the aperature's opening to change between shots.