Unique Photo has the Panasonic Lumix DMC-GF2KK 12.1MP Micro Four Thirds Digital Camera (Black) for $385 - $40 off with coupon code UPGF2DEAL = $345 with free shipping. Includes a 14-42mm (3x) Zoom Lens Kit.
12.10 Live MOS Sensor, Supersonic wave filter, 1/3 EV Step
Contrast AF system, Face detection, 1280 x 720 video recording
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You're not going to find any $300 point and shoot that can do the things this camera can.
Wish they still made the GF1. Much better camera, imho.
What can this camera do for me?
take pictures
Lovely camera. Pretty decent images, if taken in RAW format with some post processing. Doesnt have the high iso capabilities of a dedicated DSLR, but great for what it can do. With adapters can take legacy lenses, so you could put on a Leica lens on the front and have the best glass in the business.