I find this tech simply amazing, reading the comments of the managers and developers who have spent 5 years working on the device and listening to people, i think this will be better than any camera hone or compact. And what does it say about camera industry if a mobile device company can create this kind of device before they do it, all cameras we see seem to follow very small incremental improvement path - kind of makes you wonder if they are holding back..
Anyway, looking at samples and the fact that Nokia will even provide lens caps and tripod for this device, i find it very hard to justify a compact camera instead of this. The 5mp clean pure view image tech is much more usable IMO to most consumers than poor noisy 12mp that the compacts are now producing.
Of course pros will always need their dslrs for number of reasons, but consumer compacts might be history soon, now that also good zoom capability is available on a hand set.
Interesting times, lets see what apple does