I have an EVO 4G LTE and also was wondering if this mount covers the camera, you really can't tell from the pictures. It's hard to imagine that it does since most cameras are raised and that would keep it tilted toward the phone's bottom end when in the mount.
it doesn't cover my camera as I was using it with a augmented driving app and it worked just fine. The cradle back is pretty short. But I have an HTC Sensation 4G, but they're the same height and the camera is also located within an inch from the top.