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Definitely for certain applications. With Sports and Wildlife it's probably happening already, especially with the quality of the cameras they use in those fields.
At a more personal level I'd imagine there's people doing similar with Street Photography and Family photos.Re Phone Photography. I prefer a viewfinder as I need reading glasses which phones don't have (yet). I'd like to see more experiments like the Lumix CM-1 - get an EVF on that I'd be happy.
Shame Sony are always hampered by internal squabbles, they should be knocking it out the park with the cameras in their phones.
Nikon and Canon should be ploughing all their money into software and android devices instead of faffing around with trying to sell full frame mirrorless to a decreasing amount of pixel peeping old men.
Friend of mine - formerly a pro tog, now primarily doing video - reckons that still photography is going to be obsolete in a few years' time; says that rapidly-increasing video resolution means that we'll just film everything then pick high-res stills from the footage. Discuss.