The Panasonic Lumix DMC-TZ1 digital camera with a Leica lens has been a fantastic little camera for me. It offers a good range of features for photography enthusiasts. This camera has a fairly powerful lens [good piece of glass] that is able to capture high-quality images, whether using the zoom or taking close shots in macro mode.
With its compact size and fast start up time, the TZ1 camera is also great for on-the-go photography. It offers settings like image stabilization / anti-shake, which helps in eliminating blurriness. There are two stabilization options to choose from. I think number 1 is the best out of the two stabilization options.
Also, the DMC-TZ1 comes with various shooting and scene modes like sepia, warm, vivid, sports mode and many more that make it easy for users to experiment with different styles and effects. I quite like vivid sepia and vivid black and white. I think the sensor in this model is small. High ISO is a problem. As in, the images are noisy. But keep the ISO low and the results can be pretty good.
The TZ1 can also record video in 480p. Overall the TZ1 is a really good option if you're in the market for an old-school, cheap compact camera. I think it came out in 2006, so now, while low-tech to some or most people, it is still quite a capable camera. And it can be bought for such a low price.