What is THE best point and shoot digital camera for about $150?

try a coolpix L4 from Nikon,, I got one last month for about 140 at circiut city,, cool camera,, 2" LCD and 3x opti zoom,, graet camera for a great price.

try the nikon coolpix...3.2 mp camera...its a steal for 120$

check out the basic sony models with zoom.. they give the best color saturation. My suggestion is to buy a camera with atleast 5.0 mega pixel else it'll be outdated soon