From Nikon's Life series of digital cameras, it's L120! It has 21x optical zoom. Megapixels be damned!
Isn't that red irresistible?
And I must add. Flipkart rocks! An impressive interview by Unmana made be give them a try. Am totally sold.
Also a vote of thanks to TG (bows! and bow-wows!) for the advice. And MG (you should begin write again!) for appreciating the pics I took earlier.