For several years, the lines have been blurring between the S and Note series... the only real difference remaining is the S Pen and its associated features. By moving those to the S and Z Fold series, Samsung can devote more resources to those lines. I believe a Z Fold 3 with an S Pen would be an absolute jewel of a device!
But Samsung, PLEASE accept these humble suggestions from a devoted Note fan:
1- Tone down the monster camera module, will you? It's ridiculous! If we want a pro camera we'll buy one! Moving the S Pen to the left, just to make room for the camera module, was a disastrous idea. The S Pen defines the Note series, not the camera, and you compromised it. Horrible.
2- Please put the fingerprint scanner back where you had it on the Note 9, which was absolutely ideal... on the back, center of the phone, right where our index finger naturally rests. Just because you can put it under the screean, doesn't mean it's a good idea. It costs more, adds more effort for users and smudges the screen faster.
3- Finally, the Z Fold 3 will afford Samsung the opportunity to have an S Pen housing on both sides of the phone: making it a truly ambidextrous device for left- or right-handed people.
Yes, Samsung, you can shrink the battery a little to do that. We just need enough battery to get through our day, and most people have several opportunities each day to charge up their phone.
Thank you, Samsung, for your time & consideration!