I test a lot of camara at work & found many great camara for under $400.00. You need to consider your intended use though. A full frame camara like a digital SLR does take great photos but many just collect dust because they are just too bulky to carry around unless you are into man purses. There is a lot to be said about a compact camara that you can carry in your front pocket.
Whatever you buy really look at the power supply. Li-Poly batteries out perform Ni-MH AA cells but can be damaged easily if they are charge improperly.
If you live in a sunny area make sure the camara has an optical view finder. Even the best LCD screen will be washed out by sunlight.
I personally like the L74 Wide.