I wonder if it also works as a battery pack? I could see a lot of people ditching their DSLRs for this. Certainly has the right number of megapixels.
Ditching a DSLR for this?
I don't think so.
Looks and functionality aside, I'll entertain the merits of your "megapixels" comment; however, there is so much missing from this (decent flash, multiple lens configurations, etc.) there is no way a serious photographer would replace their SLR with it.
If you were just using extremely dry humor, I retract my rebuttal.
Regardless, there's definitely a market for it. I'm just not impressed, especially given the price.