Also, this guy did a good job showing the camera can be as good or better than something like the iPhone 4S depending on the situation. As he is saying, better than you may have heard. It's probably not QUITE as sharp as the 4S, but I think it's more due to the lens being used than the mp's at work. Doubt any of us have 5mp monitors to view these on. And I think it has better dynamic range than most shooters.
Galaxy Nexus camera: better than you may have heard (gallery) | ZDNet