So a drunken night out, long story short, I lend a guy my coat, forget the camera is in the pocket, get coat back, no camera.
I had one of these :

It's likely not worth claiming on the insurance for, I got it in Seattle and I doubt I could find the box nor the receipt, and it's probably not gonna be worth more than £100 now, so - I guess I need to think about a replacement.
It was pretty good for low light, and has a better resolution than my old DSC-H5, however it had some pretty annoying auto-smothing noise-reduction filter you couldn't turn off, a fuck-ton of 'auto' modes and some rather extreme shutter lag.
I used to own ( prior to it suffering death by office chair ) a super cheap Sanyo thing, which while not anywhere near the build quality of the sony, had something I've not seen since on a point and shoot, which is manual focus.
I could get awesome shots of insects - even got a bee in flight , by setting a rough focus distance and eyeballing it, shoot from the hip style.
As someone who has until this point always had a small camera on me for those random opportunities that present themselves every once in a while when you think "damn I wish I had a camera right now" I'm looking to get something somewhere between the sony with it's slim profile, but maybe something that has a little more control over settings.
I'm hoping that many of you here - for reference or whatever may use something similar - and could use some recommendations.
I'm leaning at the moment to the newest Sony , as it has the all new built-in HDR 'Exmor' sensor / software combo that has some incredible low-light shooting abilities , but I'm open to suggestion, especially when it comes to manual focus - it's the one feature of the cheapo Sanyo that made it so special.

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This is where I think I'm headed, the only two downsides are the price : £340 / $540 (being that it's fresh of the production line) and the lack of any manual focus.
Specs are pretty good, the Sweep Panorama sounds awesome, but I'll have to see it in the shop to see how well it stitches, especially with moving stuff and more confined spaces.
Specs:
# 10.2 effective megapixels
# 5x optical zoom, 10x digital precision zoom, 28x smart zoom
# Exmor R CMOS Sensor: allows you to shoot video in lower lighting conditions with outstanding results.
# 24mm wide angle G-lens: focal lenght: 4.25-21.25mm (35mm equivalent)
# BIONZ imaging processor
# High Speed Shooting (10fps at 10.2 MP): never miss the decisive moment.
# 2.7" Clear Photo touch screen LCD (230K dots)
# Double anti-blur technology: Optical SteadyShot with ISO 3200 high sensitivity mode for reduced blur pictures
# Sweep Panamora: panorama pictures can be taken by just swinging the camera
# Handheld Twilight mode: 6 superimposed frames create 1 optimized picture with 50% less noice
# Improved Face Detection technology for children and adults: for quick subject tracking and excellent skin-colour.
# Face Motion Detection: adjusts ISO sensitivity and increases the shutter speed when facial movement is detected, reducing blur in the subjects face.
# Smile Shutter Technology: automatically detects and captures a smiling face.
# Shooting modes: Portrait, Twilight, Gourmet, Beach, Snow, Fireworks, Underwater [ Edit : Waterproof??! ], Pet
# Intelligent Scene Recognition (iSCN) Mode: automatically detects 9 types of scenes and selects the best settings.
# Dynamic Range Optimizer: suppresses blackout in dark areas such as
shadows and whiteout in bright areas such as skies.
# In-camera retouching: trimming, red-eye correction and unsharp masking.
# HD 720 movie: 1280x720 pixels
# Internal memory: 11 MB
# Battery stamina: approx. 3 hours
# Colour: Black
# Dimensions (w x h x d): 114.5 x 82.8 x 91.8 mm
# Weight: 504 g.
https://www.sonystyle.co.uk/SonyStyle/Digital-Cameras/W-series/DSCWX1B.CEH
I bought it in November, the price has now gone backup to £150 on play.com anyway. I would highly recommend it.