When I was looking to upgrade my compact zoom, Canon SX130IS caught my eye for both its price point and its feature set. For a sub-$200 compact zoom, this camera definitely leads the pack.
* 12 megapixel image capture
* Very good image quality
* Full 720P HD video capture
* Excellent low light performance for its class
* Excellent image stabilization capability
* Full manual control, including Av, Tv and full manual modes
* Great zoom range, especially at the wide end
* Excellent, fast and intuitive performance
* Reasonable battery performance with rechargeable (a MUST!)
* Works with convenient AA batteries
* Excellent flash for its class
* Excellent colour fidelity with no detectable image artifacts
* Fast continuous shooting for a compact camera
* Perfect size for a compact zoom, fits in a large pocket
* Fantastic price/performance ratio