The Korean website ETNews is reporting that Samsung is in the middle of developing a super high end 16 megapixel camera sensor with optical image stabilization that will be used in the company’s next flagship phones early next year. Now while I realize it’s a bit too early to be talking about the GS5, there’s also a bit of news about the Note III in their piece that impacts us all.

When Samsung unveils the Galaxy Note III in 10 days on September 4th in Berlin, it’s not going to have optical image stabilization like the latest rumors have been saying. Instead, it’ll be a “generic” 13 megapixel sensor. When the phone hits retail shelves and smart people take it apart to do a component analysis, I wouldn’t be the least bit surprised to read that the same sensor in the GS4 is in the Note III.

But do more megapixels equal better photos? Obviously not. There’s so much more that goes into picture quality than the number on the spec sheet. Image stabilization will help, sure, but what about improvements to the image signaling chip? And what about software? Nokia’s Pro Cam app is widely being heralded as the best camera app to ever be release, will Samsung redesign their camera UI to mimic Nokia’s functionality?

Circling back to bigger numbers, Sony’s going to unveil a 20 megapixel cameraphone on the same day Samsung unveils the Note III. So if you’re into showing off, power to you.