Snag, I bought a W50 back in July and have really liked it - very easy to use and good image quality. I think it is a very good camera for the money. Its been knocked around a little bit by yours truly (in a pack etc...) and no problems yet, seems to be a pretty solid little bugger. Also, I was amazed at how long the battery lasts.
If you could swing a little more money, I would buy an Olympus Stylus 720... I have one to use at work and THEY ARE BULLETPROOF. Waterproof, shockproof and all kinds of otherproof with great pic quality and a superfine macro make them an ideal point and shoot to go anywhere with you. I would check them both out, but I can give you two thumbs up on both cameras.
Hope this helps
-Ray