That depends on what do you intend to use it for. For "general purpose photography" (which probably means, if one midrange zoom is enough and ISO400 and higher is not required), high end digicams are pretty good.
I'd say, go for it, for under $400 one can get a very decent 4MP one. Canon G2 comes to mind. I know since I got one. Mishka > Should I stop waiting and just buy one of the 5 mp > slr-like digicams?

