I have a Minolta DiMageXT. Very small camera, and very rugged. I can throw it in my pack/pocket/car and it works fine when I take it out. Very innovative lens design which makes for a very fast start up time (from pocket to shooting). Few manual features, but it has the basic point and shoot capabilities. Megapixelage is small, but I mostly do on-screen viewing or 5x7 prints, so I don't really notice. Picture quality is average to good.

I've also messed around with the Olympus Stylus series. Nice cameras, also rugged. Not nearly as small as the DiMageXT, but they take slightly better pictures.

For $200, the Olympus are very very nice cameras. The Minolta's great if small is your #1 priority (it is for me).