Most I use my M-6 for P&S purposes. Sometimes I use my Nikonos V for P&S - but it is guess-o-matic for distance, kinda tanky in size & weighs more than the M-6. Rollei makes a couple of really nice P&S cameras as does Leica. Bought a Leica for my dad one time - he promptly dropped it, but continued to use it with duct tape holding it together. Worked fine for at least 5-6 years.
I just got a Canon S45 digital. Wouldn't exactly call it P&S because you can make it work better if you set it for aperture or shutter priority & set some of the other things yourself. But, for a cheap little digital it has some unique features + I got the underwater housing for doing some setup shots before attacking the final with the Nikonos V.
