This new Samsung M8920 is coming with 12MP camera with LED and xenon flash units. And en exciting feature is that it supports 3X optical zoom. So if the quality of the image is good then this can challenge many low-end and mid-range point-and-shoot cameras available in market.
Samsung Cameraphone is also equipped with built in GPS and WiFi with DLNA support. This all information is till now not confirmed by Samsung. So we just have to wait when Samsung is going to launch this phone. This may be in the month June 2009.