For that amount of MP I think you are going to have to spend just over $200.
From my experience, I have owned many point and shoot cameras over the years, and I still think the same thing. Canon makes the best point and shoot cameras. And Nikon makes the best D-SLR.
take a look at:
http://www.usa.canon.com/consumer/controller?act=ProductCatIndexAct&fcategoryid=113
And:
http://www.steves-digicams.com/default.htm for your reviews.
I would recommend the 'SD' Canons
Good luck.