I've been one that thinks the P&S market is dying. Not ready to change that opinion, but it is noteworthy that P&S still accounts for about 80% of all cameras sold.
I would have sworn that the number had to more than 80 percent P&S....Most people I see have P&S cameras and a few people I know who had low end DSLR's have gone to superzoom P&S's, the ones that sort of look like a DSLR and have 25, 30, or more times zoom range.
Don't confuse new sales with ownership. That just means 80% of the cameras sold are P&S. The percentage of people who actually own a P&S could be greater (or less). Basically depends on the replacement rate, which I suspect for many P&S owners is pretty low.