My genuine advice, please don't go for Kodak. My suggestion would be to go for Panasonic LUMIX DMC-TZ7
. And it will fall under your budget, if not than LUMIX DMC-TZ6 for sure.
I'm using LUMIX DMC-TZ5
and it's just awesome.
Take a look at the pictures I have taken from it.
The feature are listed below and the best part it records video in HD format, take a look: Features:
25mm Ultra Wide-angle 12x Optical Zoom LEICA DC Lens in a Compact Body
HD Movie Recording in AVCHD Lite with Dolby Stereo Digital Creator
Advanced iA (Intelligent Auto) Mode with Face Recognition and Movie iA Mode
Large 3.0-inch, 460,000-dot High-resolution Intelligent LCD with Wide-viewing Angle
Venus Engine HD with HDMI Compatibility and VIERA Link
Read online review it can take on any brand in this category.