What I was trying to say was that the "just a phone" has managed to do many things very well. Someone has found a way to engineer an impressive piece of technology at a very low price. If the producer of a sub-$200 (okay, $600 if bought outside of contract) phone can shoehorn HD video, GPS, WIFI and many, many other features into the device- then why shouldn't we expect much, much more out of a 5D3?
Yes, the DSLR takes superior photos and shoots better video than the iPhone. For now. And, at an astronomically higher price. Yeah, I know that we're all fanboys here, wanting only the elitist product. But how many of those old guys on the cruise ship I mentioned will stop buying Canon if Canon rests on its laurels, pooh-poohing non-core features and upgrading its products only every 3 or 4 years? And, if those old guys stop buying- how will that affect the unit-cost for Canon and the end price for the rest of us? Recognizing an obviously forthcoming erosion in the point-and-shoot market, how does that even affect the over-all viability of Canon Inc? Canon could be the next Nortel for all any of us know.
BTW, thanks Neuroanatomist for getting it.