Samsung working on a Galaxy S3 based point-and-shoot 16MP Camera

Samsung is working on a Galaxy S III-based point-and-shoot camera. The convergence device called Samsung Galaxy S camera features the trademark 4.8" SuperAMOLED screen and Android 4.0 Ice Cream Sandwich.
Yes, it does sound a bit too good to be true, but let's dream for a moment and here what our tipster has to say about this camera he claims to have seen with his own eye two weeks ago.
The Samsung Galaxy S camera is described as a Galaxy S III glued to the back of a point-and-shoot camera, with no physical buttons on the back. It is reportedly 1.5 to 2 times thicker than an S III, but that seems too little given the rumored 10x zoom. The camera will feature a 16MP sensor of unkown size, a pop-out Xenon flash and a curved right side to help with the ergonomics.
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