Yeah, the Canon Powershot A70. I have the A75 now and it has better red-eye reduction and some nice features. Both are 3mp.
The reason people put so much stock into the megapixels is because that's what the companies push. Believe it or not some companies recently put out new models that ROLLED back on the number of megapixels for the first time ever. That's because the sensors on some of the ones that were being used were not creating very good pictures. The reason is that in order to fit so many megapixels on a small sensor the megapixels have to be smaller, which makes for inferior pictures. So really at the 3mp point a big sensor is more important than another megapixel...unfortunately the sensor size is not typically advertised.
The only thing is you will start to see difference between a 3mp and a 5mp if you blow up pictures really big, however, for 4x6 and most 5x7's there's typically little to no difference between the printed output of a really good 3mp camera and a really good 5mp camera. Beyond 5mp it's pretty much all just bragging rights.
Seriously though..for some good recommendations go to
www.steves-digicams.com and
www.dpreview.com and check out the recommended cameras section. At Steve's I usually jump ahead to the "Final Conclusions" section using the pulldown menu at the top of each camera's review pages. Both of those guys are often really spot on regarding the things they point out about the cameras.
If you want to get decent quality at 4mp at your price point then Kodak is probably your only good choice. There are several good choices at under $250 in 3mp.
brad cook