It seems that the megapixel race in the mobile arena has slowed (temporarily, at least), but it's not like innovation has completely ground to a halt. OmniVision, which made waves around a month ago with its 14.6 megapixel CMOS sensor, has just announced what may be the most significant introduction in the cameraphone space... ever. The 1/4-inch, 5 megapixel RAW sensor is said to offer up best-in-class low light sensitivity (680-mV/lux-sec), and it can also capture 720p video at 60 frames per second or 1080p at 30 frames per second. The real kicker, however, is its ability to shoot in RAW, which would give cameraphone shooters a much greater range of editing options when it came time to tweak before hitting Flickr. We're told that the chip is sampling now and should hit mass production this July, and we'd be lying if we said we weren't falling over ourselves to get ahold of a RAW-capable smartphone.