Having given its GR Digital II camera more than a year on the market, Ricoh has seen fit to now upgrade that model by latching on another digit and what it claims to be the "greatest ever GR image quality." It wouldn't be much of a step forward if that wasn't the case, but let's see what else the Japanese company hopes to tempt us with. The wide-angle 28 mm/F1.9 GR Lens is all new, while the high-sensitivity 10-megapixel CCD and the GR Engine III image processor are likely evolutionary steps from the previous generation. Collectively, they promise improvements in all the areas you'd expect: faster focus, less noise and better low light images. There's also a 3-inch 920,000-dot VGA display, video recording at 640 x 480 / 30 fps, SDHC expandability and a complete lack of optical zoom. The veracity of Ricoh's claims can be tested from mid-August in the UK in exchange for £530 ($870), while the full press release and specs are already available at the read link below.