I have one of these cameras (bought originally for £240) which is going back for a full refund! I've now bought the same one at discount from Argos. It's a seriously good camera- I have a few different digital cameras, and this one works very well. Set it up in ISO 6400 mode with continuous focus adjustment and it takes the best pics ever. Guaranteed. The white balance modes are also rather clever, as is the continuous shooting mode.
AND it also has FULL HD video, so you can take stills and shoot quality video... My only gripe is that you can't attach filters to the lens for special effects photography. Although saying that, you can do just about everything you would want to using photoshop. Batteries last ages too. It's a nice camera. If there is an Argos locally grab the deal- I'm sure it wont last forever. Even on Ebay they go for £180...
NOT FULL HD, its 720p.
Also available at Tesco online (Red Version) - http://direct.tesco.com/q/R.210-4906.aspx
£20 vouchers (£10 off NOV £10 off DEC) NOW ON - deal still available NOV 2011 worth checking cos I reserved both colours and only bought one of course