This is a bit "geeky" but I thought I will share..
So if the 928 has a Xenon flash, that means that they have to use a mechanical shutter, instead of an electronic one. I remember reading something on the difference between the two a while back, and I found the following:
Why Digital Cameras Have Mechanical Shutters
"A simple mechanical shutter can be used to turn the entire sensor array on/off during the exposure. This eliminates the need for added electronics at each pixel location that would be used to turn on/off the pixel and store the charge (accumulated light). By using a mechanical shutter, a simpler, less expensive, and more efficient sensor can be used: one that has a higher fill factor (uses more of each pixel to actually capture light). "
So by using a mechanical shutter instead of an electronic one, you actually get to use the full size of the pixels... and at 1.4 microns, that might make a slight difference in image quality between the 920 and the 928,. i.e better than the 920.
That's all a theory, and assuming that they are indeed using a mechanical shutter, and a sensor that can fully take advantage of it. Nokia have a long history of using mechanical shutter.. every one of their phones with a xenon flash has one, so I don't see why stop now. Also.. I don't think you could have a xenon flash without one...or at least not if you want to do it right.
Some other interesting points on xenon / led
The “Light Power” (which determines how bright it appears) of the Xenon flash is much greater than of it in the LED flash. But though this is the fact, it fools us. What is important and plays a crucial role in mobile phone cameras is something else. It is the “Light Energy” which determines the total amount of light it receives while it is capturing data. In the case of LED this is much greater than it is with the Xenon.
The Xenon flash requires a bulky storage capacitor, but in the case of LED, the supercapacitor used is very thin, usually 2mm. Space is a significant factor that is considered in mobile device design.
The Xenon Flash tube is fragile and susceptible to fracture during drops, where LED has no such issues. Better be careful with your N82 and think twice before you hold it loosely.
The Xenon flash works by discharging an electrolytic capacitor pre-charged to 330v, across a Xenon gas filled tube resulting a intensely bright light. This leads us to two issues. There is a safety problem to fit the highly charged capacitor without triggering other circuits. This also requires much energy than the LED, so the 2nd one is absolutely going to be a matter of battery power in mobile phones.
The Xenon flash requires a mechanical shutter resulting extra cost, power, and space where the LED can be used with a rolling shutter.
Video capturing requires a separate LED flash for Xenon flash devices.
The recharging of electrolytic capacitor in Xenon flash takes more time than the supercapacitor in LED flash, in between photos.
The electrolytic capacitors charge can be only used for flashing process but the supercapacitors charge used in LED flash can be used for other requirements too, like flash pulse, RF Transmission for GPRS, uudio and HDD for storing audio and video. This would have been big hardware issue for sure.
Why Is Xenon Flash Missing on Nokia N97?