The iPhone Fashion Shoot By Lee Morris
You do not need high budget DSLR camera. You can make great pictures with almost anything, even Olympus.. even iPhone 3GS. Lee Morris performed a high-end fashion shoot, complete with sylists, make-up artists, and others. And all the images were captured with an iPhone 3GS.
Well, he used Photoshop and light that costs like many-many iPhones. But still the images are very good, just as good as the ones made with professional cameras.
Here's a very interesting worth seeing video showing all the process:
You can watch other raw and edited photos