With the SD940IS, Canon has lost it's way
I bought this to replace a 3 year old SD1000 with the hopes that another generation of DIGIC processors would improve upon the excellent SD1000. Boy was I wrong. I should have listened to others who have said that Canon has lost it's way. This camera is very difficult to work with to get a good exposure - like a difficult to use SLR, you need to be aware of the lighting conditions and the limitations and quirks of the camera to take a good picture, you can't just point and shoot and feel confident that you've captured the moment. I found myself shooting a large number of photos and fiddling between the fully auto and the manual mode to understand when to use each. The fully auto mode is able to take some very interesting pictures that I was unable to reproduce in manual mode, for example taking a picture from inside a room of the view outside a window - in auto mode it is actually able to expose both the indoor and outdoor elements. However when outdoors the auto mode consistently produces overexposed and washed out photos. Perhaps the most telling sign is that I actually lost the camera during a trip overseas and did not mourn the loss at all - in fact a felt a sense of relief that I wouldn't have to live with it.
Other annoyances, the black paint chips fairly easily, the power button is hard to find, and it is nearly impossible to hold this camera without partially blocking the flash, which results in large dark areas in indoor photos.
Like a rookie QB with a great arm, this camera had flashes of greatness, but also demonstrated spectacular failures in simple situations and overall was a lot of work to live with. After 8 years of faithfully using Canon Elph digital cameras I'll be looking to other manufacturers now - it was nice knowing you Canon. Buyers be warned - STAY AWAY!