I agree to an extent too. I still use PS 6.0 (!) because I like the control I have with the airbrush tool. For what I use it for, I don't see upgrading that until I have to. I used to mainly sketch by hand then bring it into photoshop to illustrate my cars. Now I've discovered AI's usefulness to trace my hand sketches with the pen tool, do a general coloring there and then bring it into PS for the final touchs up and bling. I held off getting CS2 for AI for a long time but now I'm glad I did. I bet I cut my drawing time down 6-8 hours per drawing by starting in AI.
I was googling the web today just looking at vector art and I think a lot of folks are using live trace and passing it off as art. That's lame. But, I also saw some unbelievable vector art accompanied with the wire frames and wow! Just because you can doesn't mean you have to use live trace type stuff. I use it primarily for background effects, grundge look on T-shirt designs, and to recreate some fork's logos for screen printing. It's a cool tool once you get the hang of it. I see your thoughts though, I'm stubborn about my PS 6.