Ars Technica has a review of the product here:
http://arstechnica.com/gadgets/news/2012/03/innovation-or-hype-ars-examines-nokias-41-megapixel-smartphone-camerainnovation-or-hype-ars-examines-nokias-41-megapixel-smartphone-camera.ars
Short version:
The oversampling results in much sharper images and a digital zoom that isn't completely useless. The tradeoff is that image quality drops hard as noise ramps up in low-light conditions.
i just wish they'd posted some comparison shots with other smartphone cameras so we can see the practical difference between cameras.

"The worst part about these reviews is they are [subjective]--and their scores often depend on how drunk you got the media at a Street Fighter event." — Mona Hamilton, Capcom Senior VP of Marketing
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