Personally, I'm not (yet) convinced with PV because of the cost issues. I think its current payback period is too long (unless you have loads of space for many cells) and, in all likelihood, the technology will be both cheaper and more efficient well within that time period.
Here in France it only seems to be cost effective for farmers etc who have masses of roof space on barns etc. Your average home, in a decent sun area, seem to be quoting something like 15 or 20 years before payback. But I don't know how the French tariff compares to the UK one.
Don't knock it until you have checked it out yello- there are advantages. The French and Germans have been taking advantage of 60c per unit Feed in Tarrifs for over 2 years so if you have a south facing roof between 30 and say 35 degrees [depending on where you are], PROVIDING YOU HAVE THE MONEY IN THE BANK DOING NOTHING, it makes perfect sese to install PV as an investment.
As you say the technology will improve and become cheaper but then if everybody did this nobody would ever buy anything as they would be waiting for something better to come along.
If the Feed In Tarrifs were to be withdrawn then you would rely only on savings made from the generation which would be dependent on the size of the PV array you have but this is not insignificant due to the likelyy rise in charges ver the next 25 years.
Some electric companies and entrepreneurs are now buying up long term leases on existing roofs so that they then put PV arrays on roofs on behalf of the building owner and pay them approximately 20 to 25% of the return they can get from Feed in Tarrifs.
Many farmers have put vast PV systems on their existing buildings in France as you say because they have the money to do so without borrowing which makes perfect sense. Pay back is down to around 9 to 12 years on a domestic installation of about 3kW, enough to run your lighting, TV, fridge and computers, but not your heating or cooking. One farmer has been building holiday let chalets with full PV on the roofs. He earns more from the FITs than he does from the lettings.
You don't have to do it, and its a perfectly reasonable argument to wait and see what happens, especially if you'd have to borrow the money at bank rates which is not economic and would cost afr more than the return you'd get.