I have $15k in camera gear, and I have an Elph 500HS in my pocket ... I think most people like me that also want a pocket camera to have with them at all times won't put up with a near-useless cell phone camera.
Seems like you are a Photo Enthusiast, and not the target audience for camera phones. Just don't be under the illusion that Low Cost P&S cameras will be made forever. Once the market shrinks to a size that is unprofitable, these Low Cost P&S cameras will join the Dodo and Passenger Pigeon on the extinct list Those P&S cameras that survive will be like the $649.95 Sony Cyber-shot RX100.