GSM Arena: "A tipster just sent us some really interesting gossip – Samsung is working on a Galaxy S III-based point-and-shoot camera. The convergence device – called Samsung Galaxy S camera – features the trademark 4.8″ SuperAMOLED screen and Android 4.0 Ice Cream Sandwich (no info on the chipset though)."
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Not a good marriage of technologies imo.
id say just have an android based camera, with the amoled screen.
that connected to wifi
and the market
that would be new and unique and may even shake up the phone world
I'd just make a 16MP camera in my phone.