I beg to differ with some of the responses here. Prior to buying my first DSLR, I took a Canon A560 to 8th grade football played on thursday afternoons. Before taking the camera out, I dug into the manual and read up the manual feature settings the camera offered and did some shooting.
If I shot during daylight and stayed away from digital zoom, the results were surprisingly good. Even cropped shots taken from the track around the playing field netted some pretty good results.
Obviously, you're not going to see results anything CLOSE to a 7D and 300 f/2.8L prime, but from what the original poster is asking--shooting kid soccer played during the day (my assumption) a P&S is capable of producing clear, crisp shots that can be cropped and acceptable for printing.
Original poster needs to read the manual, understand the capabilities of the camera, learn how to use the gear, practice and see if the results are acceptable to him or her.
OTOH, using a P&S indoors for basketball is futile. Simply not up to the task. Outdoor soccer or football during daylight games is a different story.
dave