Godfrey DiGiorgi quoted and posted, among other things:
The one sad thing about the digital P&S market is there is no
replacement for a Yashica T4 or Oly XA.
There is and there isn't. The problem is that small, high resolution
sensors are not particularly sensitive and responsiveness suffers due
to relatively slow hardware. However, given the constraints, some of
the recent pocketable size digicams can do nearly as well as those
film cameras.
Besides, they put more "bells & whistles" onto some pocketable digital
P&S cameras than I ever managed to find on small, pocketable 35mm P&S
cameras. Stuff like manual exposure (*and* Tv *and* Av); manual focus
(of a sort, but better than *none*, which is what many of the little 35s
had to offer); a parallax-free WYSIWYG viewing option with the LCD
(handy for close-ups and the aforementioned manual focus).
A faster lens would be nice, but f/2.8 on the wide end is better than
you'll find on many (I know, not all, but many) 35mm P&S cameras.
I don't think there's an outright "better or worse" in this situation,
just different -- better in some ways, worse in others. I got the
impression that Godfrey was saying something similar.