I'm very happy with the pictures my Kodak DX4330 takes. For $250, it's fairly decent. Anything around $100 isn't going to take pictures worth posting on the net. Unless you find a really good deal for a used one on Ebay.
In my experience and opinion, the best cheapest digital out there could be a Canon A60, for about $150. For that price, you get good quality, lots of features, 3x optical zoom, some manual settings, etc. You might even manage to take a decent fish snapshot once in a while.
I got one off of ebay for around $97 I think plus about $15 for shipping. It is a Fugi and you can see the pix in the photo booth. It is a factory remanufactored or something like that. It is 2.0 megapixels. I didn't want to spend more than that, and so far, I'm really very happy with it. The thing is to keep watch on a bunch of cameras and don't bid until the last minute.
Good luck and make sure to check their feedback first (which I'm sure you know).
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