Digital will pay for itself depending on the initial price of the
hardware, the individual's film usage, the amount of prints made, and
the longevity of the digital hardware. And maybe other factors such as
picture-to-publication time and reduction in processing staff.

Mike made a good comparison showing a return on investment of two
years; Tom responded with an equally valid lack of return on
investment comparison.

It's really up to the individual to make a comparison based on their
own usage and needs. For me, a digital SLR does not give the desired
return on investment at this time. 

First, I'd have to switch to Nikon or Canon to even get a digital SLR.
That's not in itself a bad thing. However, I am very fond of Pentax
glass in general. I like the unusual old K-mount lenses. I like to
carry a PZ1p and an LX, and enjoy the differences between the two
cameras while sharing lenses.  And, very important to me, I have some
favorite Pentax lenses which have no direct Nikon or Canon equivalent.

Second, I don't shoot enough film. Maybe a hundred rolls per year,
maybe a little less. And I shoot pretty cheap film, with cheap
processing. Enlargements come from an inkjet, so film and digital
enlargements even out. So my film/processing savings are potentially
too low to justify a digicam that cost much over $1500.

But owning some sort of digicam is a very good thing. My work 3.3 mp
digicam P&S with a fine, fast zoom lens is a fun thing to have, and
very useful. It won't pay for itself through film/processing savings
anytime soon, but it has nevertheless earned a place in my photo
toolkit.

Of course, if I ran a bureau with six photogs slogging around taking
ten rolls each per day just to get a handful of shots for the daily
paper, we wouldn't have a scrap of film in sight.

BTW, Kodak just bought Encad, who makes large-format inkjets. Kodak is
trying to transition to the real world of production imaging. And
Kodak's latest TV commercial shows a motion-blurred photo taken with a
P&S using ISO 200 film compared to a sharp photo taken with Kodak
Versatility film (ISO 400 Kodak Gold, I think). Kodak hints that their
Versatility film is better because pictures taken with it don't come
out blurry. 

No mention that ISO 400 film from any other manufacturer would have
allowed a faster shutter speed, resulting in the same reduced motion
blur compared to the longer shutter speed required by ISO 200 film.

--
John Mustarde
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