The work to create this tool by @dschwen is impressive, and got more so during the Wikimania 2016 hackathon with progressive HD download allowing for more performant use. See T105789: A new panoramic viewer for commons for more details.
The tool uses the Tool Labs grid for job execution and a library for tile manufacturer; theoretically it could be made into a real extension, with the tile manufactory put onto the Services cluster. This would allow it to be deployed everywhere, not just on Commmons, and integrated into MediaViewer officially rather than through a hack ;-) Maybe?