The P&S camera market is dead.

Cy,
Pretty good summary of what is/will happen with low end cameras.

Cell-Cam pictures are the visual equivalent of idle conversation at a bar. They capture the visual elements of the conversation and are instantly transmitted to 100 Facebook friends. On Facebook, they are viewed once for a quick chuckle and then forgotten. Only we camera geeks look at photos on 2.4MP monitors and 8x10 prints and carefully collect them in indexed sets.

Only about 10 of my 14,000 photos will be of future interest to my descendents.

Bert