I always like having a little P&S camera with me. For years, I have been using the ELPH Powershot SD300 (4MP). It's done a great job over the years, but I finally decided to upgrade to something that can handle more than a 2GB memory card.
So, because I loved the size of the ELPH so much, I decided to get the 300 HS. I got it right after Christmas for $148. This is just my daily shooter and not meant to replace my DSLR (XSI). However, I have to laugh at it because it uses DIGIC 4 processing compared to the DIGIC III in my Rebel. And both are 12MP (12.1 for the 300 and 12.2 for the XSI). When my P&S is better than my DLSR, I guess it's time to upgrade my DLSR! haha
So far, the only thing I do not like about it is the flash placement. It's placed in the top left corner of the camera and in certain shooting conditions the lens will cast a shadow on the image. So the bottom right part of the image is black.