I have had a few Canon S series P&S cameras and they seem to hugely exceed other similarly priced P&S cameras.  I started off about 4 years ago with their lowest model the S100.  It was great, but it was stolen.  I now have a Canon IXY DIGITAL 55, which  is the Japanese version of the S400.  I bought it used off a Japanese guy for $200.  
http://www.dpreview.com/reviews/CanonSD400/
All the photos that you ever see me post are taken with this camera.