Every year the folks at panoramas.dk do some fine panoramic shots of New Years events around the globe. Of course, Times Square is covered, as are other cool and interesting (and sometimes not so interesting) places. Sydney is pictured here. That falls on the interesting side, of course.
They have become so popular now that Hans, who runs the site, refers to them as “events”. If you want to see last year’s pan with Mariah Carey, you can see it here, or tune in after the 1st for the 2007 panos.