I get what you're saying but I think that in many cameras, if not the highest end, one can essentially achieve the point and shoot effect, without losing all the capabilities. Of course that also means that one must accept the maker's choice of effects, and that is likely a good reason to prefer, say, a Leica, just because one can trust Leica's choices more than, say, Nikon's. But on a camera like my D7100 or the lower end ones, one can choose the green "Auto" mode, and it becomes, in effect, as automatic as a cell phone.
There is also the option of smaller menus and fewer choices, which one gets in something like a D3x00 series Nikon. It still has a lot of choices, but many simply aren't there. The problem here may not be one of what is available, but of how buyers perceive the product. I had a D3200 for some time and traveled all over the world with it. It was a very competent camera, with very good image quality, its sensor near the state of the art for 2014. Its only real drawback was in high ISO noise, and even that was variable depending on the extent of shadows. I could get a pretty nice image of Peruvian dancers at night at ISO 6400, where edge detail was not so important as one might need for the fur of a distant sloth. My current cell phone is not of the highest level, but the quality of that camera was certainly better than the artifact-laden JPG image it returns, if you have to crop more than a little bit.
Just looking at Nikon, for example, if you want an IL camera, the lowest-end D3xxx and some higher ones, and some fixed-lens ones as well, can provide the convenience you wish for, if you choose it. I can put the D3200 in the "green" mode lor one of the scenic modes, and it will make all the choices for me. Total point and shoot. If I want more choices I can do so, an they're fewer than the max, with menus that make pretty reasonable sense.
Obviously tastes will vary here, but I would contend that much of what you seek in a camera does indeed exist. If you are satisfied with the image from a compact camera, the mistake might be, not that there are few larger cameras that provide a similar convenience, but that you overlook the full range.