My current camera of choice for cycling is a Canon Digital Elph - the S40. I also have an S400 which is slightly bigger, but still pretty small in the overall scheme of things. Why two? The S40 is the size I wanted, but at the time I bought my first camera it didn't come in a 4 megapixel version, so I bought the S400. When the S40 was released I was bad and couldn't resist buying a second camera.
I carry either of these cameras in a very small fanny pack when I'm riding.
I wrote an article on touring with a digital camera that might be helpful even though I think your focus is just having a camera you can use while you're riding. It might answer (or bring up) some questions for you. You can find the article at http://DigitalCameraOnTour.crazyguyonabike.com.
Another good resource if you're researching digital cameras is Digital Photography Review at http://www.dpreview.com/.
--- Denise



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