Take it for a spin
This is easily the most multi-functional camera I have come across on the iPhone. While it can do panoramas, time-lapse, and stop-motion type animation, my favorite of all (and where it really excels) are the 360 degree fly-arounds. Its kind of like whats in the movie Avatar when you can control the spinorama after you have made it, because you can basically look all the way around whatever it is you shot the photos of. Very futuristic feeling.
The interface is very easy and flexible once you get the hang of it and the results are out of this world. Of the built-in spinoramas, my favorites are Bachward & Forward and the Blues Scale which lets you play the blues on the piano along with a backing track. Very creative.
DaScoop about
Spinorama 360 3-D Camera