So dragging a laptop, audio interface, and large mikes to a club, or to a meeting, or to an interview is the better option?
I've used the H2 and H4 extensively for live recording for the last two or three years. Even at high bitrate MP3 settings, they have never sounded unimpressive, and two tracks (or four with the H4), as long as you gain stage them well is certainly MORE than sufficient for in the field recording.
Sure, at home, I want to use my full rig, but do you REALLY want to set up the whole shmeer just to capture a friend playing, or record an arranger presentation at a store, etc.?
These things are handy as hell!