It looks like Nokia has pulled out all the stops in delivering a potentially paradigm shifting N86 cameraphone with a camera that they claim has SLR-like optics and is good enough to replace your current compact digital one. With 8GB of internal storage, and a lens system from Carl Zeiss, this device can capture still images at 8 megapixels, as well as 640x480 video 30 frames per second. The camera has a F2.4 aperture (so it's able to handle low light conditions) and includes a high intensity dual LED flash. Nokia is also using the internal GPS in the device to geo-tag all the photos.
Read the full article: Nokia unveils N86 8-megapixel cameraphone with Carl Zeiss optics