I'm considering springing for a hemispheric 360 deg (fisheye) camera. Is that going to work with S/S? I'm guessing the full image gets sent to the Mac. What about viewing that data?
Different panoramic cameras handle this in different ways, often with multiple simultaneous streams available. Often there is a full 180- or 360-degree image from the whole sensor. Then, some cameras provide de-warped versions of each quarter of their image, so that you can get 4 streams into SecuritySpy that look like 4 normal(ish) camera (I know that Axis panoramic cameras do this).
Generally, I would say that with the distortion, limited resolution of each de-warped quadrant, and high cost of some of these panoramic cameras, it's often better to use multiple regular cameras instead.