Last year I bought a sumsung 10X zoom, 12 MP and it was just around $225. I love this camera. I had a canon before that - it wasn't bad but not great - it ran through batteries like water.
This samsung has a lithium ion battery so it has to be charged by plugging it in - but the charge seems to last forever. Since the battery is so small the camera is small and light - but not tiny.
Picture quality is very, very good - the only drawback is that the flash is not powerful enough if you're zooming in quite a lot. So inside photos in the house, or at parties come out great, indoor pictures of the kids on stage, or in the gym come out dark. From what I've seen of cameras in general - unless you're going in to the $500 - $750 price range this is going to be an issue.
Other than the zoom/flash issue we are very very pleased with our samsung camera. Lots of different settings that make most all of our photos come out great.
Good luck!