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I have a Casio Exilim EX-Z50 that I got for about $250 that fits all of those criteria. 5 megapixel. The image quality doesn't come anywhere near my DSLR, but that's to be expected, and for what it is, its a great little camera.
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"Good people do not need laws to tell them to act responsibly, while bad people will find a way around the laws."
--Plato
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