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Need advise on which camera is best

I want to purchase a new digital camera. I plan to use it primarily while on vacation. Indoor and outdoor shots plus taking photos of people. I don't know if a point and shoot is best or one that I can manually adjust is better. Here are some of the things that are important to me:
* cost can go as high as $1K
* ability to shoot in low light (inside muesuems, outdoors at
night)
* image stabilization
* excellent image quality in both close up and zoomed images
* weight - not too heavy, under 3/4 lb is best
* ability to take panaramic (spelling) shots
* will not blow up images beyond normal photo size of 5X7
If there is more information you need from me, don't hesitate to ask. Thanks for all your assistance.

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Comments
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I can only think of one

The Sony NEX 3 or 5. They aren't that great for manually controlling, but they fit the rest of your requirements. It's very light, stabilized lens, good low light(with a large aperture lens), can do panoramic, even HDR, and can do all the other things with the right lenses. With your budget, you might have to wait for some of the lens.

There are many megazoom point and shoots that also fit the bill, except for the low light situations. That's where you will see those cameras drop off significantly in what you want.

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Sony HX5V

As you're not requiring anything above 5x7, you might be perfectly happy with a Sony DSC-HX5V. It can take acceptable low-light photographs using one of its special modes, the caveat being it only works taking photos of stationary subjects. So inside museums or outdoors at night are doable, but not indoor sports or other shots where there would be subject movement.

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I can only think of one

Thanks for your response. I will look into the line of Sony camera's, specifically the
NEX3 & NEX5 as well as the Sony DSC-HX5V.

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Sony Camera

Thanks for your response. I will look into the line of Sony camera's, specifically the
NEX3 & NEX5 as well as the Sony DSC-HX5V.

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