Earlier quoted context omitted.
You're right on the high end. On the low end, I went into a store 8 months ago and compared time to photo-snap from finger-press as well as blur on non-steady targets and none of the sub 500 dollar digitals stood up well. My iPhone 3g consistently captures better images than our 2 year old Cannon Powershot.
You must be exaggerating. I have a SD960 and it kicked the crap out of my 3G, and I'm no photographer to speak of. I can set a custom white balance, aperture and focus off-center if I want. With my 3G there isn't much control at all. My 3G was handy if I forgot my P&S at home, but it was just a fallback, nothing more. I don't know if I'll replace my Canon with my 4S, but we'll see.
I'm not looking for control. I'm looking for non-posed shots of my children to be 1-captured in time before the moment is over and what I'm photographing is gone, and 2-not blurry. With most low end digitals, you can take a nap between when you press the button and the actual picture is snapped.