I wouldn't be surprised to see P&S's to be taken over by the camera phone....it fact, I would be surprised if it didn't happen. It happens time and time again in technology. Something new comes out and people look at it as a novelty...then it catches on and becomes a very useful item....then it replaces the "older" technology that everyone said it would never replace. Two biggies I can think of are digital cameras (killed film and most people never thought that would happen when digital was first introduced....as least not so quickly) and cell phones (killing the traditional landline).
I'm sure some P&S's will be around for a long while but their market will shrivel and shrink to very small numbers.




