If the film maker was good, the output would be good regardless of the terrible camera. It would just be a different ad. Not focused on flawless lighting and gliding smooth lines etc.
An interesting example of this is an episode of DigitalRev's Cheap Camera Challenge, whereby the filmmaker Phillip Bloom was tasked with producing a short film using a Barbie with an integrated 240p camera: https://www.youtube.com/watch?v=9VS3C183G8g.
