I too feel that capacitive touch-screens have become too much of a buzz-word and not enough people understand the trade-offs. I have been extremely unhappy with every capacitive touchscreen phone I've tried for any period of time. I've used a lot of resistive panel devices with which I've had problems as well, particularly with calibration issues, dead zones, etc., but I've never had a problem with a resistive panel on a Nokia device.

I use a lot of applications that require greater precision than fat fingers can provide. These are not simple cases where a UI redesign would solve the problemm either. The inability to use a conventional stylus, fingernail, etc. with capacitive screens is an absolute deal-killer for me. The few capacitive styli available, such as the Pogo stick are bad jokes that provide scarcely any better precision than a finger.

Multi-touch on a phone sized device is largely a gimmick, with few usability benefits and a lot of downsides. The situation is different on an Ipad or tabletop size.