It's true. Check out this great video from DLSR Gear No Idea on Youtube.
When I use my DSLR, I never have it on automatic. There is no point to using a DSLR camera without utilizing its features. Daily snapshots or walking around town are perfect for my point & shoot, my Canon S90. It's so much lighter and more convenient. If I do carry my DSLR around town, it's because I know I'm going to use it. If you know that you will never take your camera off the automatic setting, you don't need an SLR camera. It's as simple as that.