No...
Actually I'd like to ridicule all of the DSLR users in favor of REAL SLR cameras. None of that makes any difference though. Get yourself a nice point and shoot if it suites your needs, but understand that if you buy a new P&S every 2 years because they break in your pocket you've spent as much money as if you had bought a Canon Rebel XT or a Nikon D40. You're more likely to treat a DSLR with more respect and it will likely last you longer.
That being said, if a point and shoot matches your expectations, you will be very happy. If it does not, you will be buying something that does meet your expectations later on down the road, at which point, you've wasted money on the first purchase and frustrated yourself. Many of us have done this. I know I have.