I imagine the 3D would be fairly limited because the lenses are so close together. Would this be the case?
But as far as taking photos in 3D, that doesn't sound like the main (or even a) drive behind this.
This new crop of phones doesn't save 3D images you can view on a 3D screen like the Evo 3D, though. It just uses the depth information for other things like blurring backgrounds and Kinect like computer vision.
These techniques are very hard to reproduce, however. Artificial 3D sensors lean pretty heavily on some sort of triangulation, because it can be formulated mathematically.