What do you really want? Figure that out, and your answer is there. Virtually all the cellphone cameras out there are garbage compared to a the large image sensor cameras like the NEX type.
If you are serious about photography, get the NEX F3. And to Jim, the photographer that hates Sony, the NEX cameras, an all the "EVIL" cameras, well just ignore him, he's old and angry. Why I have no idea.
So here's a fact that Jim can't stand. The Sony NEX F3 image sensor will crush every current Canon dSLR from the bottom end Rebel, to the current top of the line APS C body, the Canon 7D. Not opinion, but fact. Put money on it.
That sounds like a real camera to me. So, if you only plan on shooting in strong light, you might get some decent shots with the new iPhone. All 4, 4s and most likely the 5 use Sony BSI image sensors, but again image quality is hampered by the fact that the image sensor is so very tiny, resulting in very small pixels. If you want images in low light that are clean, and have real detail, and not all that noise and grain, get the NEX F3. I've downloaded RAW files for that camera, and it beats my 2007 Sony A700 dSLR hands down in low light. by the way, the new Nokia Lumia 920 has a better camera than the iPhone 4 and 5.
Technology marches on, that's the way it goes.