I second that!
My Olympus Mju-II, at $140 (new!) is my carry-everywhere camera.
Fast f2.8 aperture means less dependence on flash.
Spot metering makes difficult shots easier.
Water resistance means no worries about rain or spills.
It's so light & small you don't even need a case or bag.
But i tell u ah, the rewind takes forever! To me that's the worst fault.
2nd worst fault is, it resets to auto mode every time you turn it off.