The latest smart phones and mobile apps are becoming mobile media stations. If your phone can’t shoot HD video, take great-looking photos, and instantly upload to your favorite online social hangout then it’s a dinosaur.

Newest for the phone-camera connoisseur is the Nokia N8. It comes strapped with a 12MP sensor, Carl Zeiss optics and a powerful Xenon flash. The level of armament this phone possesses puts a phone on the same playing field as compact cameras. Could the next era of mobile phones put compact’s 6-feet under?