<< A comment on the quality of the lenses: If you are shooting print film (with negative you take to walmart, for example) you wont notice any difference in quality if you normally just get 4x6 prints or whatever. The quality of the picture with negative film developed at consumer labs is far more dependent on the lab itself, not the camera. If you start making 8x10's or 11x14's, you might be able to notice a difference, but probably only between a camera like the stylus epic (non-zoom) compared to a zoom camera. Optical differences between zoom cameras in the price range, being used like 98% of consumers use them (4x6-8x10 prints) are not likely to be noticed. >>
True, quality is not the only problem with P&S cameras with long zooms. The other problem is that the lenses almost always have a smaller maximum aperture than a comparable non-zoom camera, which, simply stated, means that less light can get into the lens at its maximum opening. The result of this is that you'll be using the flash more often on the zoom camera, or risk blurry pics. Consider this carefully. How many pics are you gonna miss because you couldn't "zoom" by moving yourself (squirrel in tree example) compared to how many pics the camera will miss because the flash ruined them or they came out blurry. (think beautiful sunset pic.)
That being said, if you're stuck on the idea of zoom, stay with a reasonable zoom range (35-70mm for example) Shorter zooms are a good compromise if you want some zoom, but still have halfway decent lenses.