I got mine as a birthday present back in March (well, I had to wait until April for the stores to stock it...) Mine is a Canon Powershot SD1300. I love it. Kenbo has a Canon Powershot SD780 that he loves. The options are a tiny bit different between them. The megapixels are the same. His takes better video, but I've got a sweet little camcorder so that wasn't a requirement for me. My camera is pink too, while his is boring ol' silver.

Both cameras have a variety of different settings to play with, plus an automatic setting for easy pointing and shooting. And they are compact. Mine is a smidge bigger than Ken's.
Another good thing about them, in my opinion, is that they come with a rechargable battery that lasts a long time. Our daughter has a camera that uses AA batteries and even the good rechargables we have don't seem to last very long. She gets a little annoyed with it.