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I just changed cameras, from Canon Powershot S400 to Canon SD300.....The SD300 does absolutely everything the S400 did in a smaller package. The SD300 uses different memory (SD card vs compact flash) and battery than the S400, but the cost per MB of memory is about the same and the battery is also roughly the same.
The SD 300 has a larger LCD screen than even the S500, if you want a 4 MP compact camera take a look at the SD300.
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