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I can see a company or two making a compact point and shoot again. It seems plausible. If they do I'd echo what JPH said. The simpler the better (and cheaper for them to build). Even if the camera was $500 with the following specs it'd sell out I bet.
>fixed lens 35mm
>built in flash that needs to be turned on to use, not automatically turned on when camera is powered on. This is a main gripe with many current point and shoots.
>No flash, autoflash, night flash, infinity focus settings. Basically what the T4 offered.
>Quick, center focus point AF
>manual film.afvance / rewind for Christ's sake. This is where so many 35mm fail these days. The motors get weak, the camera rewinds mid roll, etc.
>Manual iso setting.
No need for fancy film advance motors, advanced af systems, DX readers, or basically any overly complicated parts that people tend to complain about anyway.