Sony Ericsson has announced the Cybershot K850 cameraphone that promises big things when it hits shelves in the fourth quarter. Perhaps the most notable feature is the company’s inclusion of a 5-megapixel autofocus camera that includes a xenon flash, shutter button, and the ability to record QVGA video at 30 fps.

Besides the impressive camera, the phone also features the Photo Fix system that allows you to fix your pictures on-the-go. If you’re looking for more than a camera, the phone also supports quad-band GSM/EDGE/HSDPA, and offers MP3 playback, 40MB of memory, and the option to upgrade the memory through the help of M2 or microSD cards.