Walmart, of all places, has a sony black NEX3N / BMBDL bundle on sale for $289.99. This is a badass camera. The bundle comes with an 8GB SD card and a 16-50 mm lens. The camera itself is 16.1 megapixels. A huge sensor is what separates this camera from the pack and allows it to take amazingly crisp photos. This is said to be the second largest sensor in mass produced cameras, which is an impressive feat given the fact that it is crammed into a relatively small camera. Like most cameras in this price range, it will record video at full 1080p and do a remarkably good job of it.
You can read a thorough review of this camera at Photographyblog. One of the biggest drawback out of the box is the fact that the battery is supposed to be charged in the camera. This is lame since many would rather charge the battery separately so they can still use the camera. You can solve this minor inconvenience with an inexpensive after market battery charging kit from Amazon. These battery kits are a life savers and for such a small cost I highly recommend buying one when you initially buy the camera.
The NEX3N receives great reviews on Amazon
Unless you are a top notch camera snob, you are likely to enjoy the pictures you take with this device.
Many have been comparing this unit to the Nikon J1 that has gone on sale a couple times recently for $200. The consensus is that the Sony will undoubtedly take better quality photos. It is also a much newer camera. The feature that makes the J1 interesting, despite being almost $100 cheaper, is the fact that is comes with two lenses, including a 30mm-110mm. The 30-110 telephoto lens gives users a great amount of versatility in such a small and affordable package.