Any camera improvements in the new iPhone?

Have the camera features been upgraded in the new iPhone? For example, can you take videos now (like almost all other cell phones in the world can)?
Thanks,
doug
p.s. I live in Tokyo and it looks like it will be released here soon too, via Softbank. But there are some features in my current cell phone I wouldn't want to give up, like being able to use my cell phone to pay my train and bus fares and for purchases in convenience stores, taking videos, etc.

While an app would be needed for recharging the funds stored for payments, there would also need to be a special chip to react with the transaction terminals at the train wickets, payment counters, vending machines, etc.
doug

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