Quicktime VR - use videos instead?

Hi all–I’ve been trying to find out what it’s called or if there is such a software that meshes videos together and allows the user to move the movie with the mouse. The behavior is similar to Quicktime VR (or QTVR) except that I don’t want to use the images.

I suppose the finished product will be Flash-based but I thought I’d check with you guys to find out what it is called and what software that does the meshing/stiching.