If you compare the quality of a point and shoot digital camera vs a smart phone, the digital camera will blow it out of the water. For me, it's about the quality of the photo, not the convenience.
We're lucky to have choices. That's the beauty of it.
My rule of thumb is that the best camera is the one you have with you. Seeing as I always have my iPhone with me, it's been the camera I go to most. I don't even know where my digital point and shoot is anymore.
I guess I'm an "audiophile" when it comes to photos.
I also have a hard time dealing with 192kbps mp3s. That damn cymbal compression sound is like nails on a chalk board.
I'm a musician and I have a few "audiophile" friends that say they can tell the difference, but when we conducted a blind test, they were basically just guessing.
I am not saying it's impossible, but there aren't many people that can hear the difference, I know I can't. Even with my Grado cans.