You don't need a $50/mo 2-year contract for a P&S.... We can all agree that point-and-shoot cameras are on their way out. In fact, I don't know why a single copy of a point-and-shoot camera has been sold in the past decade.
Of course, you'd have to shout pretty loudly if you speak into one.
On a serious note, P&S was a huge opportunity loss for the Japanese manufacturers. Even the high end of P&S such as Sony RX 100 series is terribly overpriced without offering much reason to be so. But 1/2", 2/3" and 1" sensors with a long slide out zoom and a top notch AF could have offered a strong competition to smartphones. They would have been a true Pocket Cams (pants, not shirts).
