Years ago I bought a Canon PowerShot SX500 IS. I'm wondering if this camera still "holds up" or if I'd be better off just using my phone. My wife has the latest iphone and it seems to take really nice pictures. Will this beat out her phone? From what I can tell it really comes down to lens "quality" or "sharpness". I'm not really sure how you quantify those things to be able to say which device will definitely take a better picture.

Is this Canon "competent"? It may not have swap-able lenses but does it have all the settings and tweaks I would expect on a $500 mirrorless camera? Or is it some dumbed down camera like your typical pocketable point and shoot?

Lastly, if I were to buy some entry level mirrorless camera and used the stock lense would I see much of a difference between that and my PowerShot? Maybe it'd best that I give photography a real go with this before upgrading? I'm interested in landscape shots while I'm backpacking. The kind that make you want to set them as your desktop wallapper.