As a happy snapper with a mild incline to composition I just bought the Panasonic TX70 for $500. Its in what's called the 'travel zoom' class of cameras.
Its got everything I need and it fits in my pocket.
24 - 720mm optical zoom in 35mm equivalent terms
Full manual control
Optical view finder (the key point of difference for the Panasonic as compared to others)
f3.3 to 8.0 on wide and f6.4 to 8.0 on max zoom
I have been through all that high end camera stuff with bags and lenses but these days I can't be bothered. If it doesn't fit in the pocket, it doesn't cut it for me.
Depth of field is nice but zoom to crop photos right there on the spot is more important to me. I don't have time for photoshop. Manual control is important, as you can stick the thing on a stump with self timer and a 2 sec exposure to catch that speccie sunset or whatever.
My last camera was similar - a Canon a710 powershot - I like this photo that I took on a stump in Portovenere with it (probably crisper with a better camera but then I never would have had it with me to catch the moment):