Advantages of PnS over DSLR:
- No dust, fungus
- All in one lens
- compact, easy to bring around
- Default vibrant colour
- Budget ( most important )
- Live view ( even live view in Olympus DSLR system can not compare )
- Other functions ( touch screen, catch smile etc. )
- Cheap underwater camera
etc.
so who say PnS is suck ?

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Added on September 18, 2007, 6:26 pmforget to mention: movie recording

I cannot imagine how frustrated i would be if my DSLR was mainly touch screen.
--> Tap, tap, tap, tap, tap, tap, tap, tap, tap, tap, tap = Change aperture

PnS and DSLRs are for different uses, so although PnS does not suck, but some of those items you mentioned cannot be generalized as "advantages".