Check the picture thread, you'll see it's very capable of taking great photos: http://www.droidforums.net/forum/ga...79-photos-taken-your-galaxy-nexus-thread.html
Megapixels have nothing to do with picture quality: The Megapixel Myth
You have to set volume+ to +7 or above, which requires the pay version. It works, check the thread about it here.
My signal right now in my house:
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As I said, not everyone's having these issues, therefore I can't accept that it's hardware related. If it is, then they just have poor quality control and all of the people who have issues actually have faulty devices.
I'm not talking about picture quality, I'm talking cost of equipment. A 5MP camera costs much less than an 8 MP camera. Who knows where else Samsumg skimped on the Nexus. That was my experience with the phone. I really liked it but for the bad radio, terrible speaker and the shotty GPS.