Definitely don't sell your camera gear.
I didn't think anyone had a cell phone without a camera these days!
Camera phones are great, but in general they have limitations compared to the more sophisticated cameras.
For example, no optical zoom, limited pixel capacity and less capable in low light.
That's not to disparage cellphone cameras - they do an excellent job, they are usually with you in your pocket (a massive bonus) and you can get great results, as Rik says. A really big bonus of cellphone cameras is that they are so pervasive that great candid, informal shots are very easy ( holding up a DSLR can put people on edge or make people 'pose' when you wanted a candid shot ).
Don't sell that camera Mark, but a big cheer for the cellphone.
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