Ok, I think the update left /opt/qt4-maemo5/lib which it should not have as all those libs have more recent versions in /opt/lib/. Check if you will. As a test rename /opt/qt4-maemo5/ as for eg /opt/used_to_be_qt4-maemo5/ ( as root, Code: cp /opt/qt4-maemo5/ /opt/used_ to_be_qt4-maemo5/ rm /opt/qt4-maemo5/ and then try and run panorama. Any issues simply reverse the cp and rm procedures as root.
cp /opt/qt4-maemo5/ /opt/used_ to_be_qt4-maemo5/ rm /opt/qt4-maemo5/