I would love a new death cam, but the amount of work and possibly need to recompile BF2 to get this to work makes it simply a task no one has bothered to look in to. BF2 camera work is fuzzy.
I would personally most like to keep the 1P camera so you follow your dude down to ground before the lights go out, a bit like the death cam in BC2.
But most sexy deathcam Ive seen so far must be MW2, where you follow the projectile the last seconds of your life from a camera showing what killed you and how
That's just sex on a sandwich, and a really great gameplay-excitement-enhancer, as it both show you the mistake you did, as it shows your opponent how he used that mistake to get you.
Clever design. And fun
(ofcourse that's not the actual
"deathcam" but the
before-spawn camera. It also helps preventing campers, as no one wants to stay in the same spot. Realistic too, since no real-war sniper or tank would stay too long in the same place.)