I had the version before that one. It was OK, but the pic quality wasn't too great and the shutter speed could get pretty slow in certain lighting.

This is the camera I currently have: Canon S2 IS. I LOVE it. It's wonderful, and worth every penny! It's more than you wanted to spend, but I don't think I paid that much. I think I paid more around $375, after rebates and I also got it on a sale day at Office Depot