the iPad Pro has let me sunset my laptop.
The Watch / iPad Pro / Desktop combo would be ideal for me.
EDIT: From your comment, I wasn't sure if it was to get rid of the physical phone, or to have a simpler life without all of the distractions a smartphone brings. Sorry about that. It was too late to delete my comment after you replied.
EDIT: All good :) Actually right now my phone already has minimum number of apps installed exactly in attempt to avoid unnecesary use/distractions, with watch only it may be even better (plus one less thing to carry (pocket or not))
Sony RX100 $1000
Canon G9X Mark II $500
These are bigger but provide 10X-30X optical zoom: Panasonic Lumix ZS100 $600
Panasonic Lumix ZS50 $300EDIT: Forgot about GoPro Session or those miniaturized action cameras (such as Mobius and Polaroid Cube)
That said, they're still working around a microscopically tiny sensor and lenses. So if you can compromise on size a bit you can get a RX100 V which shoots great pictures.
Sadly, still no Live Photos, but you could shoot video and grab stills from it. I agree that these are a way more impressive feature than camera makers give credit for.