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Nokia has unveiled its new smartphone that comes with a 12-megapixel camera with HD video recording, runs on a new OS called Symbian ^3, and offers Web TV on-demand.

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The Nokia N8 has a 12-megapixel camera with Carl Zeiss optics, Xenon flash and a large sensor. Users can make and edit HD-quality videos and enjoy them with Dolby Digital Plus surround sound by plugging the handset into their home theatre system.

The handset will also provide access to local and global Web TV services from channels like CNN, E! Entertainment, Paramount, and National Geographic.

Like its predecessors, users can update their status, share location and photos and view live feeds from Facebook and Twitter in a single app pushed directly on the home screen. The Nokia N8 also offers multiple home screens which can be loaded with apps and widgets. In addition, the N8 comes with free global Ovi Maps walk and drive navigation, guiding people to places and points of interest in more than 70 countries worldwide.

Nokia said that the Symbian ^3 operating system introduces several major advances including support for gestures such as multi touch, flick scrolling and pinch-zoom. The new 2D and 3D graphics architecture in the platform takes full advantage of the Nokia N8’s hardware acceleration to deliver a faster and more responsive user interface.

“Symbian^3 also raises the bar in performance by delivering greater memory management, allowing more applications to run in parallel for a faster multi-tasking experience,” added the company.

The Nokia N8 is expected to be available in Australia in the third quarter of 2010.

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