Sorry, I know Megapixels don't matter that much, but when my girlfriend (has an iphone4) and I try and take a photo of the same thing at the same angle at the same time, hers come out way better. Especially in low light. This thing sucks in low-light, it's fine on a sunny day outside, but then again, most cameras are.
I'm not complaining to complain. I REALLLLLLLY wanted this camera to not be that bad, but it's honestly just so/so and the iPhone blows it away. I'm a certified Apple Hater too, so it hurts my ego to say this.
I do love the panorama though, it's pretty sweet and have got some nice photos with it.