I got this Canon Ixus 100is in red at £150. Although expensive, and by no means near the standard of and SLR, it surprisingly packs quite a punch for such a small size. It certainly is as simple as a point and shoots camera but also has features that more experienced photographers will appreciate.

All pictures are very clear and super sharp. The flash is doesn't bleach objects out but I am also very impressed at the quality of pictures without the flash. There are a lot of customisable settings for taking photos, which are handy when you are in unusual environments but most of the time I find the automatic settings work fine. The camera also takes HD video which makes a nice change from other cameras where the video function is virtually unusable- the sound is not perfect but for a camera of its size it is more than adequate.
The only slight problem with the camera is the measly 3x optical zoom. There have been occasions where I have been frustrated with this but then again I was aware of the zoom before I bought the camera.
Overall, I believe the negatives far outweigh the positives. Although the camera isn't the cheapest, it's probably one of the best in its price range.