I think the Canon SX series are going to be better than average. Look at the size of the lens. It's pretty massive for a point-and-shoot. I think there's probably a decent sized sensor behind it. It won't be an SLR, or even a 5/4, but it'll be better than most point-and-shoots.

I rather like the SX120IS personally. It's a lot of camera for around $225. I have friends with 100 and 110s, the 120 is just another step in that line.