Camera features added, by Android version
Features added in Jelly bean 4.2. Please update the OP.
With Android 4.0, Google introduced the Panorama capturing mode, and now with Android 4.2 Jelly Bean users will get a cool feature dubbed Photo Sphere. It's a panorama mode on steroids and allows you to capture photos in multiple directions (up, down, left, right).
After they've been captured and saved as JPEG files you can view them and navigate around the whole image. You can share the image on Google+ or, if you feel like it, contribute the Photo Sphere to Google Maps.
The feature itself was inspired by Street View, as the Product Management Director for Android Hugo Barra points out. He adds that the photos pack embedded XML metadata in them allowing you to easily share them on Google+ and put them in Google+ photo albums, where your friends can view them as well.
Yousaf Saleem http://www.flickr.com/photos/82672024@N00/