Could point-and-shoot cameras become phased out by camera phones in the future? With a rising army of high-megapixel and high-quality camera phones, one would imagine that everything your current point-and-shoot can do will also be commonplace on future phones. Kodak, one of the biggest names in photography and imaging, has partnered up with Nokia where they will cross-license one another’s patent portfolios. There aren’t any hard details so anything anyone can say right now is pure speculation, however the deal is said to “provides significant benefits to both companies, [and] is royalty bearing to Kodak.” So far, Kodak has slapped some of their technology onto the MotoZINE ZN5, but its notable contributions haven’t gone much further. We’re hoping this is a really good sign of things to come and there is no doubt this will give a tremendous boost to the world’s largest mobile phone manufacturer. Can you guys imagine a 10+ megapixel Nseries phone with Kodak’s Camera Control UI and technology powering the imaging and internals?