There is only one camera that fits your budget.
But it does not fit any of your other desires.
Konica Minolta Z10
There is only one camera that fits your desires.
But it does not fit your budget (not even close).
Sony H1 - The camera has been announced but it is not yet available.
That leaves three that almost fit your budget but fit none of your desires:
Kodak Z740
Konica Minolta Z2
Olympus C-765
Here is a link to compare specifications:
http://www.dpreview.com/reviews/compare_post.asp?method=sidebyside&cameras=kodak_z740%2Ckonicaminolta_dimagez2%2Coly_c765uz&show=all
...
..
.
Graduation is almost coming up and I need a digital camera to take good pics and store it for memories. Too many brands so I'm not sure which one to get. I think at 5MP and if can 10x opitcal zoom. Oh yeah, 2.5 LCD. Budget is only for $300 or less. Got any suggestions? Please reply!

Chowhound
Comic Vine
GameFAQs
GameSpot
Giant Bomb
TechRepublic