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Just to stick my nose into the compact vs SLR chat and muddy the waters even further, a small, fixed lens rangefinder might be worth considering as well. I've had a couple that I've enjoyed using, particularly a Canon Canonet. They're small enough to carry wherever you go and you can get some really nice photos out of them. They're dirt cheap on eBay as well.
ltc
bens0n
Has anyone got any recommendations for a reasonably priced 35mm point and shoot? My mju-ii has so many light leaks as to be unusable now and I can't afford to replace it like for like. Would ideally like something similar though!
Here's a few pictures I have taken semi-recently.