BitMorph 3.0 can produce image warps and morphs. Although there are other morphing programs out there, most others use their own image format, or cost you an arm and a leg. BitMorph uses the Windows Bitmap format, so it'll work with all of your images.
Our Review: Excellent software that allows photo manipulation and metamorphosis, backed up by a detailed 'help' text and an assistant to lead a new user through the program. Easy to use, although the final quality of photo print is unknown.