I have the Cannon Powershot S95 and like it. The lag time is still there but it weighs 8 oz (with case)so still is a small camera. It shoots RAW format as well as JPG. It has a good lense and sensor so I get really nice photos - still 10 megapixels. I do not intend on making large prints. I got a HUGE upgraded memory chip ( you need this for RAW format). It was about $400 - so not cheap. Weight and bulk was a big concern of mine, or else I would have gone for the Rebel. My only gripe is that it does not have a viewfinder. Few point-and-shoot cameras do anymore. I have used it one year now and can definitely see the improvement in photos.