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Samsung releases a cheaper version of its Galaxy Camera. The Galaxy Camera (WiFi) is deprived of the the cellular capability to make the price cheaper than the original snapper. Good idea right?

The newer version still have the guns of the existing Galaxy Camera. This includes the 16.3 MP CMOS sensor and 21x optical zoom. The display however is slightly bumped up to 4.8-inch making a great picture-friendly device out of your old camera. 

"Like the original GALAXY Camera, the GALAXY Camera (Wi-Fi) combines high performance photographic features with Android™ 4.1 (Jelly Bean) OS and dual-band Wi-Fi connectivity, making shooting, enjoying, editing and sharing images from a single device easier than ever before," Samsung pointed out in a press release.
For specs-centered geeks, it'll run in a 1.4 GHz Quad-Core processor and Android 4.1 (Jelly Bean). The price and availability of this gadget is still to be determined.

Samsung Galaxy Camera (Wi-Fi) Specifications
4.8-inch (720x1280) Super Clear Touch display (308ppi)
128.7 x 70.8 x 19.1mm, 300g
Corning Gorilla Glass with TouchWiz UI
1.4 Ghz quad-core Exynos 4412 processor
Mali-400MP GPU
1GB of RAM
8GB of internal storage
16MP autofocus camera with 21x optical zoom, pop-up Xenon flash and AF light
1080p@30fps, 720x480@120fps slow-mo video recording
microSD up to 32GB
HSDPA, 21 Mbps
HSUPA, 5.76 Mbps
GPS with A-GPS support and GLONASS
Bluetooth v4.0 with A2DP, EDR
Wi-Fi 802.11 a/b/g/n
DLNA
Wi-Fi hotspot
Accelerometer, gyro, compass
Android 4.1 Jelly Bean OS
Li-Ion 1,650mAh battery

[Source: Samsung]
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