In 20 minutes it can switch from production of, say, a 24-exposure camera without a flash to a 36-exposure flash camera.

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Auto blink detection, auto face exposure and pop-up flash ensure a great shot every time.

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The patent application also covers what could be controlled using the touchscreen, including settings like the focus detection area, flash adjustment, ISO, white balance, and exposure correction, to name a few -- all of which will surely be welcome to some, but we just hope the touchscreens will be accompanied by at least a few buttons and knobs for us old curmudgeons.

ENGADGET: Canon patent application points to touchscreen DSLRs

It can apply HDR to photos and videos through near-immediate exposure bracketing, but it can also produce natural-looking flash images by combining the lit photo with an unassisted shot to fill in missing detail.

ENGADGET: MIT imaging chip creates natural-looking flash photos Alt

The Goldman analyst adds that he would advise investors looking for memory sector exposure to instead buy shares of SanDisk, as pure play bet on NAND flash memory.

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