If you choose to spend less this year and save up for a really excellent pair later on, I can second the vote for the Nikon Action Extreme porro prisms. They're sharp as all get out and waterproof, too. Not small and lightweight, but if you get too small, they're hard to hold steady. My 7x35's are just right for me.
I don't expect mine to last forever, but it's nice to have a pair that I can lend to a buddy and not have to worry every second that they'll get scratched.
The Leupold Yosemites fit that description, too, and have many fans on this website.