I used to use the Panasonic tz40. light, good zoom and compact.
if you dun mind a bit more bulk, the Casio exilim ex-100 which I use now seems to be a good option too. although it will be over your budget
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i like LF1, good low light n good zoom. but it's a bit old. m expecting LF2 soon...Image quality wise the LF1 would be a better choice. I think it's going for about $400+ these days.
Just to add on, I managed to get a 2nd hand Sony rx100 (1st gen) for around 300 plus. In my view, it is great value if you dun need the latest and greatestI used to use the Panasonic tz40. light, good zoom and compact.
if you dun mind a bit more bulk, the Casio exilim ex-100 which I use now seems to be a good option too. although it will be over your budget
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