People who want "Lifestyle phones" are in a specific demographic. Maybe it's a large demographic, or maybe it's one of the largest demographics, but that still stands. Just because you want this for your phone does not mean everyone does!
Regardless of what you want to do with your phone, the point of a lifestyle device is that it looks good and very quickly and effortlessly performs it's functions without hassle (it does not cause stress or aggravation to your life, it just works). I agree with you only in one class of exceptions: Science and Engineering - people who desire to use a smartphone as a power tool would probably not find a lifestyle phone very attractive. But outside of that very slim demographic (that probably wants quick keypad shortcuts for everything and can tolerate or even desire complex interfaces), I think that everyone benefits from a lifestyle approach, regardless of their usage profiles.
This is why companies like Nokia, Sony Ericsson, etc have a wide range of offerings to suit different needs. If you don't want a phone that works like a computer than for god's sake don't buy it!
Actually, I disagree. I believe this "shotgun approach" is rooted in something much simpler than attempting to reach different market segments. It is simply the lack of any essential insight into how such devices should be designed to cator to all usage profiles seemlessly. The companies are clueless on how to achieve this and therefore have to resort to verticle market strategies to attempt to get coverage and compete in the different artificial smartphone categories. Even claiming that PDA Phone is a market category that makes sense makes my head spin. Perhaps stylus enabled phones are in a seperate class, but PDA Phones? Come on.
My main point is that the "lifestyle phone" segment is covered by every manufacturer, as is the "PDA phone" segment, as is the "low end" segment, as is the "Music phone" segment, etc, ad infinitum.
And my point is that "lifestyle" should not be a segment at all, but a firm basic requirement of any phone. I can see the need to specialize in certain respects (e.g. power tool phones for developers, engineers, scientists, high end camera phones for photographers, high end media phones with huge batteries for travelers, stylus phones for MBA PHB types, etc...) - however, all of them should resonate style, simplicity and resonance with stress-free living (e.g. lifestyle). Currently, I don't really think anyone has this right. I am holding out some hope that Apple will give us all a clue as to how next generation handheld devices should integrate with our lives. [ crosses fingers ]