I just spent a week carrying a Canon S95 in my pocket while on vacation: it rocks! I particularly like that it has a high maximum aperture (f/2 at the wide end) that, when coupled with the image stabilization, allowed me to handhold pictures down to 1/10s exposure with no shake. I didn't use the flash the whole trip and most of my pics were taken indoors in restaurants or outdoors in the evening while walking around town.
The G-series Canons are nice, but their lenses are slow so that's a deal breaker for me.
My thinking on point and shoots is simple: they're narrowly useful tools for use when larger, heavier and more intrusive cameras simply won't work. I don't expect my S95 to do it all (though it can do a whole lot); instead, I bought it solely for shooting pictures indoors, in poor lighting, without flash, in RAW format for processing later in Adobe Lightroom.
Last edited by Oregon45; 02/09/12.
