The current compact-cameras tag is defined like this:
Also called "Point and Shoot" cameras, they mostly have automatic controls with a builtin flash
I belive this covers just a subset of them. There are also pretty advanced compact cameras that IMO don't belong into that category.
"Point and Shoot" is rather a mode of operation called "AUTO", found also in most DSLRs.
The tag definition should be changed.
EDIT: Looks like I can improve tag wiki. Could you propose a better definition?