Had a need to stitch together separate images to create a panorama. Of course, I don't want to pay for sophisticated software! After a few false starts, I found this free software, Autostitch:-
http://cvlab.epfl.ch/~brown/autostitch/autostitch.html
Seems to do a satisfactory job for happy snaps. And processing time was quite reasonable, even setting the output size to 100%. Haven't played with all the other parameters as yet.
See attached stitch of 26 images taken in Werribee Gorge yesterday.
Yes, lots of things wrong - eq AWB and Autoexpose were on, so the balance between images wasn't right. I'm still experimenting to see if using a particular focal length gives a better result than other focal lengths, but the result looks much the same at 18, 24, 28, 35 and 50mm on my small zoom lens.
I'm happy