1. A method of presenting panoramic images, said method comprising the steps of: recording an annular representation of a panorama; storing said annular representation of said panorama as a digitized annular representation; geometrically transforming said digitized annular representation of said panorama into a rectangular projection of said panorama; and displaying said rectangular projection of said panorama, wherein said step of geometrically transforming further comprises sampling said digitized annular representation with a dynamically changing sampling shape wherein said sampling shape is dependent upon a viewing angle.