Say what you will about the other perceived iPhone 4 shortcomings, one area which there is no question of improvement is the camera. The iPhone 4 is both a 5-megapixel still gem and 720P video recorder.  Tests have been done around the web and every single one of them puts the iPhone 4 at the top of the best smartphone class near the dedicated point and shoots.  In video, it again rates above all other smartphones and just below dedicated Flip HD recorders.

 

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