You have a point too
But it really depends on your needs. I won't dispute on the usefulness of modern DSLR's amenities. They are some pros' bread and butter, especially those working in areas where speed is prime (sports and weddings comes to mind). But how many photographers are making a living on their cameras ? And which pros exactly need to suck dry their memory card capacity in less than a minute ?
One should never forget a whole generation of reporters brought back worldwide acclaimed images from all over the world using only a leica, a 35mm lens, and tri-X.
The good camera is the one that's ready in your hand when something happens. If you don't have problems carrying your EOS 1D around your neck, by any means, do it. Maybe I'd like it too, but I can't. It's too big for me, it breaks my back, it scares away people from scenes I'd like to picture, and it would be much too expensive to replace if it got stolen or damaged. My e-p1 on the other hand is always at the ready, unobtrusive, light, produces almost dslr quality, and doesn't make people think I'm pointing a shotgun at their head.
In fact, it so much fits my needs like a glove that I sold my DSLR system since I got it. It covers 90% of the pictures I wish to snatch. The 5% of situations I need something really small, I use my LX2. And the 5% I'd like faster AF, well, I'm doomed, so be it. Most of those times, I'd be doomed anyway because any DSLR would be tucked out of reach either at home or at the bottom of my bag. But if I only had a DSLR, I would miss more than half the pictures I currently make. I've been making more images with the e-p1 in a year than I made with my dslr in 4, with almost a constant keeper ratio.
So, it's really a case of "to each his own", I guess.