Originally posted by falconeye I compared this shot with what I can get from a Nokia 808 Pureview cell phone camera. It's actually amazingly close.
I agree in terms of resolution (there is a big difference, but I agree it isn't as big as one may have thought).
In terms of colours and tonal gradation I think there is no contest.
Some of the differences are down to different processing, but the small sensor image has visibly less dynamic range (surprise, surprise) and features less smooth gradation. The small sensor image does not look bad, but in comparison to the big sensor image it screams "digital".
I do not think this effect -- which I observed before when comparing different formats -- can only be explained by differences in colour depth.