Pretty much a bargain as far as I am concerned.
The less expensive devices can do some of those well, but I don't think all yet. Video seems to be where other devices still fall down.
But, I also agree that not everyone needs a device to do all of those things. I have friends who do not take pictures, or video, or use nav. A $200 phone is the right choice for them.
Coming from a previous life as a pro-photographer who has since sold all his gear, I almost always default to the "telephoto" lens (which is really a 'normal' lens in old-school photographer speak ;) ) on the 6+, 7 and now X, and am still astonished at the quality that you can get out of a smartphone.
The HDR on the photos+video of the newest models is very tempting... but I can wait out the year and either get one 2nd hand or whatever model replaces it.
I use all those nav assistance features too (offline topo maps yay!).
But agreed, I wish I had more versatility in focal lengths. Sad to see none of the "external sensor body that uses the phone as main UI" devices (Olympus Air, Sony QX) really took off.