For me, a point & shoot has never given me the flexibility that I want without making some big sacrifices. The next step up is compact cameras which look like DSLRs that have been scaled down a little. All these compact cameras seem to be are point and shoots with bigger lenses. While I love my DSLR, it isn’t convenient to take everywhere. In my quest to find the right camera for my needs, I have been researching mirrorless cameras which gives you the small size of a point & shoot, DSLR quality sensors, and the ability to change lenses.
I have posted a large chart of different camera models, specs, and prices over at Camera Dojo to help make some sense of all of these choices.