Below is a three image panorama of the Yellowstone River near Pray, Montana. It was taken using the tilt and shift function on the Nikon 24 pc-e lens.  Putting together a panorama using a tilt/shift lens and utilizing the photomerge tool in Adobe's Photoshop is really painless.  The file size increases as well.  The image above is about 105 megabytes and 18 megapixels.  I tilted the lens down about 1 degree to maximize the depth of field.

Wind, clouds and grass.  Paradise Valley, Montana.