If you want to go the interchangeable lens route, I'd wholeheartedly recommend the Olympus E-PL1. You can get it from Cameta right now for $140 (they also get refurbished units for $120). Spending a just little more can get you a more contemporary camera like the E-PM1 or E-PL2.
Then you just need a lens on top of that. An additional $100-120 will get you a basic kit lens from the same vendor. Or buy both at once, I see a refurb E-PL2 kit with 14-42 lens for $260. There are a lot of options.
You'll end up with a better picture taking machine than just about any compact on the market, at half the price of the premium models. Then when you feel comfortable you can start looking at other lens options. If it doesn't work out, you can probably resell it for the same price you bought it for.
Then you just need a lens on top of that. An additional $100-120 will get you a basic kit lens from the same vendor. Or buy both at once, I see a refurb E-PL2 kit with 14-42 lens for $260. There are a lot of options.
You'll end up with a better picture taking machine than just about any compact on the market, at half the price of the premium models. Then when you feel comfortable you can start looking at other lens options. If it doesn't work out, you can probably resell it for the same price you bought it for.
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