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