Thank you for sharing ;) I used to think like you in the beginning, taking a shot with my iPhone and cheap Canon Powershot S110 and always thought I will never need a better camera.
Then, I realized that the picture quality kind of suck.
You cannot not go back in time and re-take the precious moment, and I started to shot at night and low light, and sometime few shots for real estate I needed wide angle with fast lenses etc etc. Believe me, you will appreciate good quality photography gears in the future than today :)
But it's all a matter of personal preference, I prefer shooting portrait pictures with really nice smooth and creamy bokeh than cheap point shot cameras. Again it's all personal. :)
Edited by Canadian411 - 6/14/13 at 11:45am