That’s a bad recipe for casual and professional users alike. Can’t ingest into your workflow quickly, images are low res, can’t improve the image, and your smartphone was better just missing one, admittedly neat, feature. If that existed in phones people would use it like crazy I imagine.
Too narrow of a use case IMO, too many compromises for one feature, hence why it failed.
Loss, i.e. equivalent aperture is a different matter and I think this would imply quite a light loss.
We’re talking about a specific camera, the lytros, which had a 4MP resolution. I’m not saying there was a limitation in the technology broadly speaking. Just that this camera was not worth it for the time. It’s sacrificed too much for one feature and at $400 it just didn’t sell
I remember a friend, who was a photography buff, was quite excited about the camera. But he didn't actually buy one.
Processing was as simple as "click on the thing you want in focus". and 4MP was just fine for casual use it was targetting