If you're lucky you can get the LX3 I took for around that much second hand:
http://completed.shop.ebay.co.uk/Digita ... 86.c0.m283Because it's such a damn good, top end compact camera, generally they sell in very good to excellent condition. I wouldn't worry about buying second hand - I did and have had no problems at all for about a year or more. It's the most solidly built camera I've ever used, 95% metal construction everywhere, buttons, knobs etc. nearly all metal machined with a "digital click". The screen is very bright, clear, colourful and satisfying to review photos on, better than most PC screens with a solid black and good contrast. It's also very lightweight, if not quite pocketable because of the lens mechanism. If you want a comparable pocketable, go for the Canon S90 or S95 (if you can find it at the same price..). Although it lacks a grip, which I thought would bother me, AlphaEx took all his photos from his most recent trip with that camera so see his more recent Japan Adventure topics or PM him for impressions on that camera. I think it would be good to take something either of us already has prior experience actually using for touring Japan and which easily beat either the Ixus / TZ range.
It sounds a bit ridiculous but this camera just feels so good to use, it's fun and addictive. Everybody with even the most amateur interest in taking pictures has wanted one when they've played with mine. I fell in love with it in my local camera shop where it was £315(!) before leaving to just buy it online.
I have zero issues with this camera other than a relatively limited zoom extent but when doing street photography this is rarely a problem as you don't really need to zoom into things that much - the 2.5x zoom is enough to zoom into a large feature on a building for example or you can walk up close. The limited zoom range is a limitation inherent in the very wide angle (24mm) lens and huge aperture for a compact (maximum 2.0) making it unbeatable for low light performance in a compact. The wide angle is far more useful than zoom ever would be as you'll be able to capture entire massive buildings without walking miles back from them. E.g.:
Shutter Speed:1/50 second
Aperture:F/2.0
Focal Length:5 mm
ISO Speed:80
Todai-ji is the largest wooden building in the world.
You will get some amazing night shots with that camera if you keep a steady hand and can put up with some noise at 400ISO (I wouldn't go higher but almost never need to). The gyroscope-enabled optical image stabilisation is excellent to compensate for shake.
It's one of the most popular compacts on Flickr for a reason.
You can't really go wrong with either of those cameras though which are basically where Panasonic's and Canon's consumer-oriented compacts top out, but I'd strongly recommend considering a second hand LX3/S90 if you want to open yourself up to a plethora of creative options that will allow you to get the picture you want. Both cameras have fully manual control inc. focus. Both also can shoot RAW images for processing later but the JPEG output is really nice too. Both are around 9/10mpx cameras depending on the settings (the LX3 will let you shoot in 4:3, 3:2 or 16:9 widescreen ratios without dropping below 9mpx - unlike most cameras that simply crop the image/sensor).
Or if you just want great pictures with auto-focus, the LX3 does 11-point multi-point auto-focus pretty quickly (although not blindingly fast - most compacts are slow to focus), and reasonably fast in low light as well, it also has several alternative AF and light metering options including a 1x large area fast AF mode useful for just focusing on the centre frame as quickly as possible (useful for shooting moving objects like vehicles or animals or someone running etc.). It also does face detection.
Oh and the LX3 shoots 720P HD video at 24fps, the Canon only shoots VGA at 30fps (LX3 also does VGA at 30fps).
Here's a massively comprehensive review:
http://www.dpreview.com/reviews/panasonicdmclx3/I couldn't praise it enough.
There's also the Canon G9/10/11 but they're considerably more expensive, do produce better image quality generally but are covered in buttons and dials and aren't really compact. The LX3 is a very elegant crossover between DSLR-like control and competitive image quality and the accessibility and streamlined design of a consumer compact (as nearly all manual control options are in the easy to navigate overlay menus accessibly with the joystick).