Windows Phone Design team recently shared their information on how to create a compelling application using panoramic control thatâ€™s part of the Windows Phone 7 Design. They have posted some example applications where panorama is done right. There are various ways to implement panorama such as to use simple tiles, background images,etc. Examples of those are posted on the source link. Here is the info from design team on Panorama design,
For starters, you should imagine your panorama as being similar to a magazine cover. As such, panoramas allow a user to explore content that highlights what is more relevant for them, and these highlights serve as an entry point to further action. The focus of the panorama should be on a small set of tasks that are fresh, dynamic, and compelling. The panorama should not to be the standalone interaction of your whole application, nor should they be overwhelming, dense, or all encompassing.
Source: Windows Phone Blog