Rlphoto,
For those who want the "m", there's Nokia pro camera on their high end windows phones.
Using Nokia Pro Camera you can control settings such as:

Shutter speed (1/16000 to 4 seconds)

EV value

ISO (100 to 4,000)

White balance

Manual focus
Not nearly the same as a nice canon in M, but more options than the iPhone!
I think the question to ask is really what do the average users do with photos other than digital sharing? I don't know many people that need or care for more resolution than their camera phone provides, I've used mine to make a few photobooks for friends and they've been thrilled with the results. Certainly wouldn't make 16x20 with it, but for the average user (I wouldn't consider the Cr forum user average

) their satisfied and without a strong marketing campaign by he camera oems to convince the masses the point and shoot is superior, their market will continue to shrink.
its really a classic case of you don't know what you don't know, how many that gush over the IQ even know what a full frame sensor or even a sensel even is? Those are he people fueling the demise of he point and shoot.