I disagree, simply because of the price. I have a regular S4 and for the price of that I could get three or four entry level point and shoots.
I think that the S4 Zoom is a game changer and the end of the entry level compact cameras.
Yes, but that's not the point. Here, Nokia and Samsung are now taking the camera-side of the phone to the next level and I can only see it getting better and better as we move forward.
Just imagine if your S4 which costs hundreds itself - could take pictures as well as a Sony RX 100 or RX1. You will always need to carry a phone with you, but you do not always need to carry a point and shoot. There would be your answer.
The Nokia EOS is supposed to be coming out soon, which will be very interesting.
Just imagine if Sony stuck a phone on the back of a RX100 (or the new RX100 ii or is it going to be RX 200). And why not? It is a very small camera as it is.
When Samsung first came out with the Note people (all the pro reviewers etc) blasted it for being too big. I never thought so, as much of what I do on the phone is surf the net and message which is easier on a phone the size of a Note than it is on something much smaller.
Batteries are getting smaller and lasting longer, so if a manufacturer can come out with something that takes pictures as good as a RX100 (or even a RX1 - wow) and allows calls, surfing apps like whatsapp etc then I guarantee that that will be my next phone purchase and I would bet millions others would too (though there would be different market segments like any product and I am not saying everyone will spend US$2XXX on a phone camera).
We are not at the beginning of a new cycle, and I find it very interesting indeed.