I told you someone knows how to do it right. More images should begin to appear soon in Flickr.

Update:

Another gallery by Boing-boing shows the dynamic range capability of this tiny beast. Now I know why I have always reluctant to purchase a compact point-of-shoot camera, I don’t love having the access to a pocket camera as much as I dislike carrying stuffs, with the iPhone 4, I can just carry one and have a full HD compact video camera and a highly capable 5 MP digital camera with all the apps to tinker with them.

Update: The floodgate is now open.