Yeah, ive read that as well. Its a 20 / 20.1 MP Camera. Like the Galaxy S4 Zoom is to the Galaxy range, the 1020 is to other Lumia devices.. its a niche device. I dont think Nokia will supercede it soon. Like the S4 zoom is to Android photography lovers, It has its places as the WP8 amateur photographers goto device of choice. Plus it looks like Nokia are focussing on general across the board appeal and sadly, niche devices dont always appeal to all.
I searched "Video Camera vs Lumia 1020" in youtube to compare these two in recording videos for purpose of another thread.
Then I found this: Lumia Icon vs Lumia 1020 - YouTube
Photo comparisons at the end. Hopes this helps.