Sidebar comment --- are most current string of digicams so good technically that we are getting to the point we "don't really care" what we shoot with nowadays??? It seems we all migrate to ergos, weight, balance or what lenses we can mount. I get it all, just got me thinking it's interesting times for photographers. I mean, I would right now L O V E to go out with some sheet film and a light-weight 5x7 view cam again, but no frigging labs makes that a tougher proposition for me...
There are no simple answers to that question, Jack. Seen from one side, current technology has given us possibilities that we couldn't even dream about 15 or 20 years ago. Size, technical quality and price make it possible to take photos that weren't thinkable then. Nikon F5 vs. Panasonic LX100? The Panasonic would shred the F5 to pieces. Nikon D4s vs. Panasonic LX100? That's not a clear cut case, but the Panasonic is probably good enough for most to "not really care" about dragging the Nikon beast around.
However, when it comes to the "look" of the photos, things tend to come out differently. The look of large or even medium format film is very difficult to replicate with anything digital. The experience I have gathered over recent years also tells me that the look of 35mm digital sometimes can be hard to replicate with a sensor a quarter of the size, like in m4/3. Colour fidelity, detail rendering, bokeh etc. all look good with my GH3, at least most of the time, but it takes some premium glass to get there, and the D700 still looks better, even with cheap lenses.
The beauty of it is that we have access to both if we so wish. Here's an example:
I wish I could say that I needed my F6 or my big Fuji loaded with Portra to capture this, but I didn't of course. The only thing available to me at that moment was the Nokia in my pocket. That photo wouldn't have happened 10 years ago, and even if it had, it would have been difficult to get the image quality the Nokia offers with any camera available at the time.