That may be so, but at least for the moment it has some of the same types of limitations.
As it happens, I was chatting with one of my workmates about some photos I took at farewell drinks for a boss the other week and she commented that all the other photos (ie. the ones taken with smartphones) looked like cr*p, yet somehow mine didn't. I didn't have the heart to tell her that's because I used an actual, well, purpose-designed camera. I'll also note that nobody batted an eyelid at camera-phone photos but many were averse to having their photo taken with a "real" camera (yet many of them now want to see the "real" photos), so there appears to be some, um, cognitive dissonance there...
One of my takes is that often phone-cameras (and the small-sensor P&S cameras they're busily replacing) are used well outside their useful range (as Instamatics before them often were) but many people don't understand why they can take a good-enough photo in some circumstances (usually meaning "with good light") but produce pretty horrible results in others.
As is also typical, the lady I was chatting with asked that I delete the shots with her in them, but said the others were "good". That also seems somewhat typical of the zeitgeist: nobody wants to appear in a photo they didn't take themselves, of themselves, posed as they wish, as an exercise in "personal branding" but they do want to see photos of everyone else. (This is over and above the normal thing where no woman ever approves of any photo taken of them where they weren't deliberately posing and presenting their good side.)
Nothing I'm fussed about, but of a piece with things I seem to be noticing more and more frequently (though that could be just that I'm getting older and grumpier).
...Mike