I've only ever had one digital camera: the trusty 1st generation Canon EOS Digital Rebel that N surprised me with for Christmas 2004. Before that I shot film.
The digital rebel (and the awesome lens N gave me last Christmas) are usually all I need when I want to take pictures. But sometimes I end up leaving my Rebel at home just because it's pretty bulky and heavy with the lens attached. It would be nice to have a camera that fit easily in my purse. But there wasn't really a point-and-shoot camera that seemed worth buying--until now.
I am kind of drooling over the Canon PowerShot S95*, an update of last year's PowerShot S90. It has a fast 2.0 lens (great for taking photos in low light), a good sensor, a decent zoom, and--most impressive to me--a manual mode and the ability to shoot in RAW format. AND it can also shoot stereo HD video. Not bad for something you can slip in your pocket.
Because of all the features it's pretty pricey for a point-and-shoot camera--enough so that it's out of my price range. But I think it's great that someone made a point-and-shoot camera with some dSLR features that you can really dig into.
*These are Amazon Affiliate links.