Watch a smartphone user carefully, they switch on the phone, they hunt for the camera application, switch it and use the screen to get into the correct mode,.... these devices really miss dedicated buttons, but that's not the least of their problems.
Even if they ever put decent lenses on them, and optical zoom, multifunction devices just can't compete with a humble Ixus because the sensors are too small and the tradeoffs too big.
As for the photons thing, he's trying to explain why it's a 5MP unit vs the 8MP of competitors. It's emperors-new-clothes stuff.... oooh "look at the finesse of the cloth, the delicate fibers, the way the photons light is captured in the threads of this fine garment your Majesty!".
LED flash is no substitute for flash. The reason they don't have a flash is because the capacitor takes up too much space. Again the compromises.
So no.
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