There are varying theories on just what kind of cameras the Galaxy S III will include. According to BGR, the phone will sport an 8-megapixel rear-facing camera and a 2-megapixel front-facing camera. But GSM Helpdesk Netherlands has the rear-facing camera pegged at a massive 12-megapixels. The site does, however, knock down the front-facing camera from the aforementioned 2-megapixels to 1.3-megapixels.
We're more apt to believe that Samsung would want to strap its soon-to-be most powerful smartphone with an equally powerful camera. On top of that, 12-megapixels isn't completely unheard of these days. HTC's Titan II packs a 16-megapixel camera, while Nokia's Purview 808 rocks a massive 41-pixel lens.