So i have the latest GM seed, of iOS4.1 and the HDR photo's do look hot. Although you get some weirdness and ghosting should your hand wobble slightly, or the subject matter moves.
I think you will be all pleased with it, and you can always stick with the original if you dont like it.
Doesn't work with the flash, i think its something to do with the way it takes photos. Anyone got any tips on this?
( and 4.1 according to Uk store is out on the 8th sept, via gizmodo.com)