I just bought a Panasonic DMC-TZ1 found on clearance for $90. It is a steal at that price.
The TWO BEST things about Panasonic's TZ1 or TZ3 lines is the 10X optical zoom (3x or 4x optical zoom doesn't give you great pictures from far away, and the Digital Zoom just expands the pixelated image, not giving you good resolution) and Optical Image Stabilization.
The Optical Image Stabilization means that if you're way zoomed in, and the camera is shaking, the image can still come out crystal clear. Also, beyond that, this camera takes pictures as soon as you click the button, the delay is something like .006 seconds from when you click the button to when you release it.
You can take incredible photos and phenomenal video with this camera. Moving images, low light conditions...
Panasonic's TZ1 / TZ3 are HIGHLY recommended.
For more features and/or pros/cons, google the Model number.
Hope this helps you,
-Eric