One thing I will add is that in my opinion, being truly pocketable is overrated. There does seem to be some people that like to literally have a camera in their pocket 24/7, but I'm not one of those people. If something happens where I just NEED to grab a picture, my phone is available, but honestly I don't really encounter random decisive moments at the grocery store or at work. But YMMV.
Even when I took my very pocketable RX-100 on vacation recently, it was around my neck in Sony's ever-ready style case (you want to talk about overpriced...). When I'm constantly walking around taking pictures, I don't want to have my camera in my pocket, take it out, put it back, etc. Having it around my neck was quite convenient.
But that did get me to thinking... if extreme pocketability is not that important, should I just bring along a bigger-sensor slightly larger camera?
Don't get me wrong, I really enjoyed having a smaller camera. Even around my neck the weight was virtually imperceptible, and the small form factor was good in terms of not getting in the way, not banging into things, etc.
So I feel like there's definitely a place for a smaller high quality camera. I just wonder (especially with prices what they are, going back to OP's point), if a better compromise might be something like a Micro 4/3 with a high quality prime lens on it.