First of all, I don't think that any serious photographer should belittle any gear. There is no correlation between the pedigree of the gear and the actual worth of the resulting photographs. Frankly I don't know any camera that I would deem mediocre. I seem to get along well with all of them. Although I don't love using a p&s or cell phone camera, hey, they are kinda fun for some things.
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The issue for me, when I look at the SLR market and the camera market as a whole, is that the number of options has really narrowed horribly. It's quite hard to locate a camera well optimized and streamlined for a single purpose.
This is totally different from the situation ~20 years ago, when it was quite normal to get a spray and pray 8 fps slr for sports and wildlife, a quiet RF for street, a view camera or architecture, etc. Nowadays the all-in-one slrs are supposed to cover all of those bases. And they kinda do... but with many compromises. Some of those compromises are real threats to the craft. E.g. just try shooting a dslr in a classical concert hall, even if it's blimped :rolleyes:
Of course, this is just part of the current trend in technology to integrate more and more features into a box, in an attempt to produce do-everything products with very broad appeal. This is done for two reasons: (1) they can be mass produced at lower overall cost; and (2) the marketing expenses are much lower and it's easy to convince the public that although a cell phone isn't new and a tablet pc isn't new and an e-reader isn't new, the combination is fantastically new and transformative! :idea: how about adding a 20 mp dslr to the tablet...
Anyway... there is no rule that we need to buy the products they are hawking, we can simply continue keeping our task-optimized old cameras alive and well. Let us do that rather than belittling whatever the mass public thinks they want. Actually I do enjoy some of these newfangled products as well. I mean, the reciprocity chart is stored on my blackberry....