You can do almost everything you can do with any other high end phone. I think the smartphone market will soon settle at a much slower pace like the PC/notebook market. I haven't replaced my personal notebook since 2012.
I finally replaced my personal laptop from 2010 (a ThinkPad T410) last year. It lasted that long because it was upgrade-able and—crucially—repairable. It still has some life in it, but I decided a newer machine would give me enough performance benefits to be worth it.
I've had my Pixel XL for about 2.5 years. I'm planning to replace it in the next six months only because the battery is getting worn out—the performance of the device is still very good.
