P7700 Wow!

It is indeed a great time.  Actually I would look it from a different perspective.  Let's say you like to do a lot with photography using a DSLR.  To do so, to fully utilize a DSLR's features, you would probably need a set of good lenses (and likely large and heavy too).  Even though you don't mind carrying them around, you still probably need to change lens(es) often.

Let's also say for the same amount of money, you could get a P7700 (for its best features), a RX100 (also for its best features with a larger sensor and faster lens), and maybe something easy and compact to carry around.

What I am saying is that, there is no perfect system that could be all things to all people.  We just need to find out the good combination of things that work to our needs.  If I have a budget to buy a new car (say, $25K), knowing it will depreciate $3K or more a year, I would seriously consider delaying the purchase of a new car (or just get a quality pre-owned car), and use the savings to buy, say, a brand new D600, with $$ to spare to get one or two good lenses.  If I could delay my car purchase for two years, I would have $6K walkaround money to play with.  It's all a matter of perspective and choice.

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HLL7575