The rule of thumb is:
The smaller the camera.
The greater the cost.
So I only found one for under $250
Here is a review of the SD300:
I am looking for a digital camera for Christmas. I don't want to spend more than $250. I am just taking snapshots. I want the smallest one possible so I can put it in my purse. I need one that has a good red-eye protection. Of course, I want one that takes quality pictures and has a good baytery life. I was wondering if someone would tell me some good cameras that are out there in the market. Thanks