Yeah if you can bump up to just over $300 the A80 is an awesome all around camera. Never heard a bad thing about it. Fairly small, swivel screen, manual controls if you want them.
What's 'cheap' in your book?
I started out wanting a cheap cam oh, a year ago. Slowly bumped my budget up and saved and saved until I could afford a Canon G2, then got the A80 instead. Which I'm glad I did. I'm glad I wanted until I could get something worthy of making 3x5 prints as well. Digitals are great, but sometimes you just need a print!