Quoting undisclosed sources from Nokia and Carl Zeiss. The first phone with a 12MP camera could be announced by Nokia as soon as the end of 2009, although it will probably not be available this year.

The upcoming 12MP Nokia handsets may have optical zoom, which should make them, theoretically at least, better than Samsung Pixon 12 and Sony Ericsson Satio. Nokia already has a phone with 3x optical zoom: the rather old N93 / N93i, which features a 3.2MP camera.

via: unwiredview.com