Ha. My phone is what, five or six years old now? Not particularly feature-laden. Apart from talking on it, I frequently use it as an alarm clock, or as a clock, since I do not wear a wristwatch.
There are no features I couldn't be without, but I really appreciate being able to set specific ringtones for individual callers. It really makes a huge difference to me to know who is calling as soon as it starts ringing.
I only have a cellphone because it would be a huge disadvantage to not have a phone at all. I use the internet for keeping in touch with friends and family. Mom still calls my phone a couple of times a month, and sometimes my sister does as well.
As for texting, hardly ever. Occasionally I'll text to tweet when I'm out traveling. I don't text people unless they've asked me to, or if I think an actual phone call would disturb them. I mean, there's no confirmation that the message gets read. Better to talk to them directly.
Though it would be nice to have a shiny new phone, I wouldn't buy one even if it was in my budget to do so. Shiny new phones are expensive and I need a new computer.
And what's with the default tags for this Writer's Block? *deletes them*