One of my work colleagues brought his Fuji F50 in the other night ... and in a dark office I had a play with it ... great little P&S camera ... even though it has Av and Tv modes in it.
I was impressed with the low light capability of it ... and for the size and price it's a top little camera.
P&S cameras have come a long way in the last few years.
BTW ... he enjoyed having a look at my K10D and lenses ... but was way too much for him to understand to use (I told him I still have a lot to learn as well).
If i was after a P&S ... I wouldn't hesitate getting a Fuji Finepix F50 for myself.