I have an Ixus 400... its a year or two old now in design, we paid £250 for it.
A real nice and easy poin-and-shoot camera, and my pics have turned out fine.
What i really crave though, is a much more adjustable camera. The 350D (or Digital Rebel - sounds so much cooler doesn't is
) is the "dream" camera for me, but i want to learn to take better photos before indulging.