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Cameras can get really expensive, and kodak isn’t the only option. So it is very likely that the situation GP wrote would happen

That can still be an expensive costing hundreds to thousands of dollars once you add additional lenses etc.

Even hundreds of dollars for a camera is not “throw away money” for a lot of people..

I for one have been known to keep some cameras longer than some cars.

I think it depends on what you do with them.

If your living depends on the camera, you're probably not buying Kodak anyway, since in that case you're buying more into a system, which Kodak doesn't have.

If you're an amateur, it's likely that it will outlive its warranty anyway, so it doesn't make much of a difference. Also, since there's no "system", grabbing a different one isn't that expensive financially.