Fit for purpose
If you had of told me a few years ago that I’ll be walking around using an iPad for photography I wouldn’t have believed you. In reality most photography if we are real about it doesn’t find its way onto the walls of a gallery. Most photography is done, intentionally or not for the web. And it makes sense because that’s where the biggest audiences are. I’m not completely won over by the use of the iPad as a walk around camera mainly because I end up with JPEGs that I can’t do very much with in terms of colour balance. But on balance taking photos with this tool makes its functionality and acceptable compromise in certain situations.
While I was travelling in India I never wanted to convert my images to black-and-white just because it has such richness of colour. However in other places where colour isn’t that much of an influential factor and where street photography is the main consideration then black-and-white makes perfect sense. So then it doesn’t matter so much how accurate your colours are as a JPEG.
Having said all that, just for the sake of having flexibility in the final output I still want to have raw files. I have intended for a year or two now to downsize my Quitman and equipment and I’m interested in the camera that has reasonable quality and IBIS and is compact. The new Olympus EM5 MKIII when it comes out may well be the ideal choice.