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Unfortunately even on vacations I have to bring my phone. I haven't taken a point and shoot camera anywhere in well over a year. It just seems like a pain in the rear to carry it along with a phone. I know many people who's phones have become their camera of choice.
I also use my phone to take drunken hilarity pics and videos. Mostly of others Many times those events are at night or inside in low light situations. Most phones really suck under those conditions. I think it's great that the manufactures are finally making phones that take great pictures under a variety of conditions.
Although the reviews of the 1020 are very limited at this time. It obvious that there's not another phone in the same class with it's camera. I'd guess that there will be several within a year. There's a market for people who want great pictures from their phones.