I personally think the hype of the 41 megapixel camera is stupid. Not that the camera isn't great. I find that it distracts from some of the more important windows phone related issues that could be addressed.
Windows Phone 8 has been a disappointment on many levels. When Windows Phone 7 first happened, it was exciting ... but didn't even have clipboard support. Eventually the "Mango" update came along, and that was the only significant update to the platform in the last couple years. Windows Phone 8 was a major update in that it was a major version bump and total rewrite of the OS, but I don't consider it a significant update. In many (most?) ways, it was a step backwards in terms of usability. It came with the promise that this new RT based platform would be more actively updated over time... exactly zero significant updates later, we can write that off as false. There's a similar promise coming along with the next update but I won't hold my breath. Nokia has done its best to fill the gap to some extent with its own third party additions, Network+, Phone Extras, exclusive apps/games; at the same time, Verizon is the only network that supports the first party data sense.
There's been a lot of hype and a lot of disappointment. Despite all that, it's the platform I keep coming back to. I prefer the simplicity and elegance of Windows Phone over Android. While BlackBerry has a similar charm and even better usability, its app selection makes Windows Phone's modest selection seem robust.
Hopefully some time soon Microsoft (and BlackBerry for that matter) gets into its groove and really starts actively developing the platform--you've got to be fluid to keep pace in the mobile space. You can't start behind the pack, stagnate and expect to compete let alone win the race.