I know that the G series is not considered P&S, but that would be my recommendation with your budget and use. PowerShot G6 prosumers go for around $125, give or take. It's a 7.1mp with a great sensor and lens. The rub is that it doesn't have image stabilization, so the flash is required unless you have very steady hands, or a tripod. Other than that I enjoy using it, and it's got a lot of options. It does use Compact Flash media, which is very durable and not very expensive. It also uses the same batt pack and charger their DSLRs use, so battery life is very long. It's also heavy and a tad bulky for a P&S with a total weight of 1 lb. with the batt pack in.