Is the Ax any good as a point & shoot camera?
In terms of price/performance definitely not ;-). Seriously, an Ax can be an excellent occasional point and shoot. All that’s needed is to use P mode with a specific ISO setting (64 – A2 only – or 100), boost color, saturation and sharpness to taste, and save all these values in a custom setting. Then at the flick of a switch you have a point and shoot ready to be handed over to an inexperienced photographer for an easy snapshot. In reality if this is all you plan to do, then there are much cheaper alternatives that will probably make you happier. While the Ax is a joy to use for the amateur photographer, it is quite a complex camera and it can be frustrating if you are not interested in using and learning all the capabilities.