Originally posted by stevebrot My question would be why anyone would make an expensive and wonderful tool that is only designed to last five years and which is not cost-effective to repair?
That is a statement not a question. Putting a question mark on the end does not make it a question. It is a loaded question if not an outright tautology - when did you stop beating your wife? Come on try again.
Originally posted by stevebrot My Canon P is over 50 years old and works as well now as when it was new.
The question is not of longevity but of function. Would a perfectly functioning model T meet my transportation needs as well as a modern car or not?
Do you regularly use the Canon now in preference to your other cameras or not? The fact that it still works is irrelevant.
Originally posted by stevebrot It is obsolete in the same way that a Leica M3 (made at the same time) is outdated. It is a pleasure to hold and a pleasure to use, is not clumsy in any way, and satisfies the photographic task quite nicely.
"satisfies the [my] photographic task [needs] quite nicely". If so than you have answered your own question. Clearly if it satisfies your needs it is, by definition, not obsolete at least for you. It does not necessarily follow, however, that others would come to the same conclusion.
Different strokes for different folks.