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I'm also skeptical about the floating lens claim. That doesn't seem like something you can just turn on and off.

It looks more like software stabilization if you look at the video in their apology http://conversations.nokia.com/2012/09/06/an-apology-is-due/

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The left one in the video is not 920, it's probably SGSIII.

It's real OIS, but I'm pretty sure they also use some software on top of that, especially in video stabilization. I'm not sure if any software solution is effective on still images.

There was white paper released earlier on the camera tech: http://news.ycombinator.com/item?id=4481549

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