[citation][nom]house70[/nom]could use the LCD as a viewfinder. Is the image captured by the sensor. For someone that is not very inclined towards pro photography but still would love some flexibility in terms of lenses, this is his market.[/citation]
When you get down to it, the reason is speed. I won't go into the technical reasons, but a camera will take pictures much faster if you are using a viewfinder versus the camera having to feed a real-time video feed to an LCD between shots.
As the professionals and "Prosumers" are scoffing at your comment (and I'll admit, I was thinking of doing the same), it kinda made me think. Would I buy this camera? Probably not, but if, let say, my mother wanted an easy to use camera that took DSLR quality pictures to take family portraits and pictures of landmarks while on vacation, this camera would be absolutely perfect for her. She's not going to need insane shutter response when a group of people are standing still saying "Cheeeeeeeeeese". She's not going to have to capture a butterfly just before it flies away. She's old, she can't move that fast!
The biggest problem for this camera seems to be price and that's too high because of overblown features. My mom doesn't need a 14mp sensor. Dumb it down a bit and knock a few hundred dollars off the price and this may be under the tree for her come December. I'll stick with my D90 for that price.