If a leaked ad is any indication, HTC is working on a smartphone equipped with a 16MP camera and dual LED flashes. The device in question also sports the Windows Phone 7 button layout (including the Microsoft search button), giving us a clue as to the operating system it would use.
To date, the highest megapixel cameras offered by HTC have been the 8MP ones seen on devices such as the just announced HTC Sensation.
Source: PocketNow.com