Need more info as to what your uses are. Point & shoot only for the project or other uses? I've had a couple of Olympus digitals point&shoot's over the last 6 years and they have been great, the last being a C3040. The older olympus camera's use SmartMedia which is sort of a dead end. I like the CF cards and the SD cards better.
We just got a Panasonic FZ20 with a whole boatload of great features (12x Optical most importantly). Shoots great air-to-air from the hardmount on my roll bar with a remote shutter. But as a day-to-day camera it is pretty big.