"It would seem to me that using the camera in a hiking trip that you would want the ability to include the Latitude/Longitude on the picture as opposed to a name from a database that designates a large area."
Actually, you would not want to have Lat/Long imposed on the image, because that screws up the image. You would want the Lat/Long included in the EXIF data that the camera records along with the image data. That way, you have access to the Lat/Long data, and you can look that up in mapping software, and you can put some human meaning on the name of that place or view. Or, you can hide it if you need to keep the place secret.
There are programs that can read specific lines of EXIF data and place those into a caption or title that gets plugged into a digital frame of the image.
If you really want to take snapshots with a bunch of numbers showing, it doesn't require a good camera.