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I lost my rather expensive Canon a few years back and a camera borrowed from a mate got a total soaking in Argyll. Now I use an outrageously cheap Praktica DC Slim 3.1 Mega Pixel. It cost £10 from ASDA two years ago and is small and ultra light. The viewing screen on the back is rather too small and difficult to use in strong sunlight, but it has close up and landscape settings and a strong digital zoom.
I just stick in a BIG memory card, shoot a LOT of pictures and pick the best ones. If it gets soaked or lost it is no big deal.
Works for me.

Howburn Digger wrote:
The viewing screen on the back is rather too small and difficult to use in strong sunlight, but it has close up and landscape settings and a strong digital zoom.
It's best to steer clear of digital zoom, the camera just upsizes the centre of the frame, something better done at home with Photoshop or similar. When buying, check that the OPTICAL zoom range covers the angles of view you are likely to require.
The most important recent addition to compacts is image stabilisation, again, optical stabilisation is the best. It's a shame that this is largely negated by the unstable "mexican wave" holding position forced on the user by the current trend of omitting a viewfinder.

Maggie & Keith