The Two Classes of Digital Cameras
Ken Rockwell has written an informative and opionated article that compares point and shoot digital cameras with digital SLRs (found via Digital Photography Blog).
“If you want to spend a grand for serious digital photography forget the expensive p/s cameras and go straight to any DSLR. Since you can get a far superior DSLR for what you used to have to pay for just a p/s as of 2004 I see no need for the expensive p/s digital cameras.”