^Yes, that is why Nokia moved away from variable aperture and added a mechanical ND filter instead. I think its worth 3-stops.. its not ideal, but it saves space and its more durable.
But maybe they've improved the technology since the N86...
edit. Yes, it is 3 stops (ND8) on the 808
"Shutter:
Mechanical shutter with short shutter lag[SUP]
[13][/SUP] and
ND8 (3
f-stops)
neutral density filter
http://en.wikipedia.org/wiki/Nokia_808_PureView
Here's good example of 808 PureView beating 699 dollar standalone camera, Galaxy Camera.
Galaxy Camera vs. 808 PureView: Shoot 'em up - GSMArena.com
The galaxy camera has no chance at all against the 808. The sensor in there is pretty much slightly bigger than what they use in mobile cameras. The whole thing is a waste of space and plastic if you ask me. Its just not a fair fight. In fact, here is two cool graphs showing the difference in sensor size
so if you are buying a camera, you would want to be towards that orange rectangle, and NOT the red one where the Galaxy Camera is.
The 808 is much closer to those 1 inch mirrorless cameras, than the galaxy camera:
And here are couple of images to prove it
Canon G15
http://www.esato.com/phonephotos/cam/canon/canon_powershot_g15/201304122259cs2VT9.jpg
Nokia 808 (38Mpix resized to 12)
http://www.esato.com/phonephotos/cam/nokia/808_pureview/201304122259GFmfq8.jpg
And here is couple of shots compared to the Sony RX100.. in my opinion the best compact camera for the price right now.
RX100
808
RX100
808
Watch this video on YouTube. 920 is far better than 808.. "MP" is not really important much
The main reason for the huge MP count on the 808 is mostly for zooming, not image quality.. I think that came as a secondary effect after they decided to do lossless zooming.
He lowered the contrast on the 808, that is why the video from the 920 looks more vibrant..it also saturates a bit more by default. But overall the quality of the actual pictures is better on the Phase 1 device.. not surprising really.
Here is one I took on default settings, you can also see how the zoom works @ 1080p.. no moving parts, nothing mechanical.. its brilliant.
2012-08-31-2295 - YouTube
As far as filming.. they were doing it 2010 with the N8, and the results are not bad at all.
I do wonder if Nokia decided not to take the camera sensor and built in gpu from the 808, when did Nokia decide to start with the new implementation for WP?
I would guess soon after they signed with Microsoft. They know its an important differentiator, so the more they wait.. the less time at the top they will have. Hopefully after they show the EOS they can share some of the background story on it like they did on the 808.. that would be the only way to get some insight on their process.
Don't forget that they also might be trying not only to port phase 1 over to WP, but to actually make it even better.. which would take extra time.