Solid specs, good price.
Phone cameras are becoming ubiquitous, but the lenses on them are tiny and designed with durability in mind more than optical quality. They'll never compete with the glass in a lens like this (in either the size or quality of the glass).
I have a Canon 40D DSLR with a few lenses and really enjoy photography. That camera can take better pictures than a P&S, but it's much more expensive and much more complicated to use. I used to have a Kodak point & shoot (until it was stolen) and my parents still do.
Kodak Point & Shoots are easy to use, even for technophobes, and make it easy to download, organize, and share your photos.
Some more specs:
Sensor type 1 / 2.3-type CCD
Effective pixels approx. 16 MP (4624 × 3472)
Zoom KODAK RETINAR HD 26X Optical IS Lens; f/3.1–f/5.8
Focal length 26–676 mm (35 mm equiv.)
Image stabilization still: optical, video: digital
Focus control single, continuous
Focus zones multi-zone, center-zone, face priority
Exposure metering multi-pattern, center weighted, face-priority
Compensation ±2.0 EV with 1/3 EV steps
Exposure Lock when shutter button is half pressed
ISO sensitivity auto, 64, 100, 200, 400, 800, 1600
White balance auto, daylight, tungsten, fluorescent, open shade
Flash range [wide]: 1.6–18.0 ft [tele]: 7.2–10.2 ft
Flash mode auto, fill, red-eye reduction, off
Capeto wrote:Digital cameras still use AA batteries? That may be a dealbreaker for some, including myself :/
So what you look for in a camera is an over-priced, proprietary battery?

You snooze, you loose. Well I have snost and lost.