s.joseph: The only diffrence I see is the camera and if you want a camera you should just buy 1.
Most of the pics i take never get blown up beyond 6x4. I would be very happy with a 2MP camera in a phone, just with a better lens, and autofocus. Built in to phone means I would always have a good cam with me, far more use than a seperate camera.
The days of "phone cameras are blurgggh" are nearly behind us...