Here is an overview image of the subject:

Microscope: Zeiss Standard
Ocular: Zeiss KPL-W 10/18
Objective: Zeiss 1.6/0.03 - 5/0.1
Substage: Leitz ICT, top lens flipped out, standard brightfield (no DIC prism)
Stack of 8 images, Zerene
I prepared a photosynth panorama using 309 images in 24 stacks with MS ICE. You can see the result at:
http://photosynth.net/view.aspx?cid=1b7 ... 40143d9c73
The software, although capable of assembling a planar panorama, will not permit upload of these and insists on only permitting upload of images stitched assuming rotating motion, which is clearly incorrect for a microscope stage. Also, it orphans blank areas of background, in which it cannot identify overlapping detail. This means I could not prepare an aesthetically acceptable rectangular image. Of course these areas can be filled in manually in a conventional image, but this doesn't assist with the Photosynth composite.
I'd be interested to know if Cactusdave has found suitable workarounds for these problems.
In all other respects MS ICE is most impressive and produces pretty good stitching where there is adequate overlap of images. You will find one or two stitching anomalies, however. Some of these are due to slight stacking banding, or other imperfections in the component stacks (i.e. my own fault!).
All 309 images were pre-processed by with a dust-map in Helicon Filter - Rik, we briefly discussed this functionality for Zerene a long time ago: any further thoughts? Filtering certainly eliminated dust bunnies.
Finally - has anyone considered using the 3D capabilities of Photosynth with a suite of stacked images from all around a specimen?