Please explain to me how that is settling? The Note 3 still does:
720p 120 FPS
1080p 30 & 60 FPS
And has one of the best speaker setups in the smartphone market for audio recording...
The G2 Pro is out right now? The Note 3 has existed since September 2013?
This is not a luxury. This is a feature that people can decide for themselves whether it's useful or not. For me, it's useful. I don't have time to carry around a DSLR or Dedicated Camcorder. I already tote around a bunch of sports equipment.
I've already used Digital Stabilization in video editing software. It works well and similar to what the smartphone does. It's not that bad.
If the current solutions don't satisfy what *you* want, that's fine, but to make sweeping statements like "You can settle" (which makes, literally, no sense whatsoever, since you're getting almost every video or audio recording capability in those other phones minus the crappy Photo Resolution (One), Bad White Balance (One, G2), or crummy button setup) and insinuate someone has low standards for getting what is a better camera phone than the G2 or HTC One (even with their Optical Stabilization, mind you) is a bit far fetched, don't you think?
Nevermind the OIS in the One and G2 wasn't that great, anyways, and the jury is out on how useful whatever LG puts in their new phone will be. If the white balance in their camera and the post processing continues to be inferior to Samsung, then it won't matter cause I won't "settle" for that, either.
Nobody needs a smartphone. They're a luxury. Dumbphones work just fine. People get them because they allow us to do what used to require bags of equipment to accomplish in an ultra portable form factor. That point of yours is meaningless.
Fact and the matter is, 4K gives you true advantages over the native 1080p even if you process it down to 1080p in editing for viewing on [what is now] traditional screen resolutions.
The image stabilization in free apps like Movie Maker would suffice for most consumers. You don't seem to have a clue what you can do in professional software with that video. Pro photographers have prased what you can do with that 4K video output, yes, even without Stabilization. 4K is not even appropriate for sharing since the file sizes are simply TOO damn big. 2 minutes of 4K video would probably eat through most people's capped data plans (assuming a 2GB cap). 4K is all about being able to process off the phone and produce higher quality footage, especially when downscaled to 1080p, and for anyone who is using it for that - stabilization is not even a factor since it will be accomplished in Premier/Final Cut Pro/etc.
Even with OIS, there is STILL camera shake that you will have to get out of the video so you will still have to stabilize it in software. The only time you can eliminate camera shake is if the phone is mounted, which renders the OIS useless. This is true for smartphones as well as high end dedicated camera hardware (quality differs but they all share the same issues).