No, Hipstamatic is not launching a real camera
Briefly

I was really hoping this was going to be a physical rangefinder camera that we could load our year's worth of film packs and lens settings into and have a true digital LOMO experience.
The new version of Hipstamatic features a new analogue viewfinder and menu system that do mimic a classic rangefinder camera (I wasn't aware that they had menus at all, but hey!). There is also a 'develop later' delayed developing option for those who hate the instant gratification of digital photography.
Read at DIY Photography
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