There's no room for Kodak anymore in the digital age. Cell phone cameras are as good, if not better, than any "point and shoot" camera on the market. If you're going to lay down the money for a "point and shoot" camera that's better than an iPhone camera, you're probably spending more money than you could spend getting a basic DSLR and basic DSLR lens. If you're going to go the DSLR route, the only way to go is Canon or Nikon.
Photography can get expensive but, honestly, if you only need the basics and you're going to lay down over $200 for a "Powershot" camera, you might as well go the distance. I spent less on my DSLR and multiple lenses for it than a lot of people I know who bought high end point and shoot cameras.