360 Degree Camera Project

Hi All, I am fairly new around here.

I have been wanted to try and do this project for a while and now I am stuck as I don't know what will be the best option for me.

I am after creating a device which allows me to shoot a full 360 degree image like the GoPro contraption below

I was wondering if the Arduino could power multiple camera modules at once and then I would transfer them to my laptop and process/ stitch them together on there!

Any help would be great as I have researched for days if not weeks and refuse to buy 6 GoPro cameras plus a $300 mount.

I was wondering if the Arduino could power multiple camera modules at once

What do you mean by power?
Do you mean control?
There is nothing it can do with the pictures it produces.

Why not use a pan&tilt mechanism ?

You would only need 1 camera that way and you'll probably be able to get higher resolution 360-pictures as when using 6 fixed cameras, zooming is hard with 6 fixed cams. Disadvantage of a P&T-mechanism is that you can't take a 360-picture instantly, you really need a multi camera system for that.

In the examples below a P&T-mechanism is used to make a time lapse movie, but you could use it to take 360-pictures as well and many examples of other pan&tilt mechanisms exist.

http://www.trevorshp.com/creations/timelapse_panning.htm

A cheaper one using two servos...
http://letsmakerobots.com/node/33643