Indeed. When we pay $10 a roll for the film and another $25 a roll for processing, how many rolls does one expose, process and print before spending engough on film and processing to pay for a digital camera and lens? Clearly, the arithmetic is simple and the conclusion is clear.
Kodak is more like $16 a roll now.
You can pick up a really nice point and shoot digital for a hundy and take all the pictures you want. Ain't rocket science! Literally millions of them are out there sitting on shelves. The "new photography" is no longer about making prints but displaying online. That is why the sales of digital cameras has tanked paradoxically.
I don't shoot much color film myself so this doesn't affect me much, but if I was shooting color film all the time I would be seriously considering dumping it for digital. Shame to say that.
I predicted this 15 years ago. It is the natural trend of things really. Price goes up, less people buy making the price go up more. Lather, rinse repeat. Eventually the game is over.
Kodak is taking a growing market and dropping a grenade in it. Shame to see. Ain't the first time they did something really stupid. That is why I think Fuji has an opportunity. Or Adox, or Orwo.