Not only does the F40fd have an ISO up to 1600 (2000 in certain modes) in the body of a point-and-shoot, it's got facial detection as well. (That's what the fd in its name stands for.) The F40fd picks out up to 10 faces in the frame at once and does some fancy voodoo to optimize your shot.
The 3x optical zoom and 2.5-inch LCD makes this $299 shooter a nice choice for beginners and vacationers.
Fujifilm FinePix F40fd [LivingRoom]