I took to plunge a got a DSLR about 7 years ago. I got a Nikon D40 which, at the time, was Nikon's least expensive DSLR. I love it. Since then I hardly ever use my point-and-shoot. I've made some upgrades with a new lens, better flash, and so on. The best part is, I didn't break the bank. The only downside is the size. If you want something to throw in your pocket (low profile) that's going to take a better picture than your phone, a point-and-shoot is the way to go. That's the only scenario I use my pointer these days. For me, I'm either taking pics with the D40 or the phone.
I bought a new set of pedals for my mountain bike and was shocked to see a label on the box say "contains contents known to cause cancer in California". I laughed. My first thought was (no offense to CAs): only an idiot from California would try to eat a bike pedal.