I agree with Jim on most of his points.
Personally, I think that, unless you're planning on printing 8 x 10" or 11 x 14" prints, anything over 2.1 MP adds more cost than benefit. Costs really jump after 2.1MP.
Also, a card reader for whatever media you happen to use can be picked up for less than $20. I don't think I have a USB port on my camera, but I don't miss it, since my $15 card reader takes most media types and is hooked up to the 'puter via USB.
One EXCELLENT suggestion Jim had is the NiMH batteries. They are fantastic and don't have the memory issues that NiCd batteries do. They're more expensive, but will pay for themselves a hundred times over. Some excellent buys can be found on Ebay (do a search for NiMH and ignore the listings for the Secret of NIMH videos).
I managed to pick up a store demo of an Olympus D-520 zoom on Ebay for just under $125 including shipping. I already have software and a card reader, so the lack of these features didn't matter to me. The full retail version does have these features though.
Unfortunately, the one thing I'm missing is the aperture/shutter priority modes (I think). It does have a 3X optical zoom though, which, unless you're an absolute freak of nature at timing your shots, should be plenty at standard away pad distances.