Yogurt said:Point and shoot is definitely going well with mobile phones. i am based in the UK, and remember when the London boming happened, all pics/videos on the TV are from camera phones. with some good camera phones on the market now, day to day pic can be achieved with phones like Sharp 903 or the new Samsung with 8MP camera, even good enough for printing. as i did mention on the other post, that Nokia have a section on their site http://www.seenew.com where you can find photos taken by proper photographers with Nokia N90. the quality is not bad at all.
obviously not good enough for proper commercial use but otherwise, SLRs will be out of the business.
also, i would like to add that size is not everything. remember when our first mainframe computer was invented, who would believe in a PDA phone with 400mhz processor and 128 memory? so i see no reason why not to believe one day compact (size wise) cameras or camera phones taking over the whole SLR in maybe 10-15 yrs ! !
I think camera phones have expanded the camera market rather then replace the traditional camera.
The quality of camera phones is getting better, but it wont reach the level of a 'proper' digital camera, simply because the lens is so much smaller. A decent camera has a lens size that if put on a phone, would make the phone huuuge! Its more of a physics problem, then a technology one. And also it is difficult to put a proper flash on one. They'll certainly never replace SLR's I doubt Nokia would make a phone that you change the lenses on, or are able to manually control lighting and film speed).
I dont think people will stop buy cameras, they'll be used for occasions like holidays or what have you. Camera phones will be more for every day things events. Like going to the pub.