Looking in that price range, I tend to agree with Tats. I'd do some heavy researching and look for something used. The problem with these little, cheap cameras is that they are very noisy indoors and in other low light situations. They have features and megapixels up the wazoo, but a tiny sensor is still a tiny sensor and won't soak up light like an APS-C or ideally a full frame sensor.
Having said that, if you're looking for a simple point-and-shoot camera NEW, I'd suggest the Canon A1200:
http://www.amazon.com/Canon-Powershot-A1200-Digital-Black/dp/B004HW73S4It's affordable and has lots of great feedback. You're not likely going to take anything professional with it, but it's easy to use and will give you decent photos (and will probably give very good photos outdoors during daytime).
I'll admit I'm a Canon nut. A few years ago I bought my parents a Canon A series because of it's ease of use and they are still using it. One of the really nice things about them is that they use AA batteries.
The Canon ELPH 100 series is a step up and still within your budget:
http://www.amazon.com/Canon-PowerShot-ELPH-100-HS/dp/B004J3X5VA It seems to have a number of noticeable improvements, but I've never used it. I think it also has better feedback rating.