Sold my Olympus C-120 through an auction site and got a new digital camera, Canon IXY 30a, also known as IXUS IIs and Powershot SD110. IXY 30a as it is known in the Japanese market is a 3.2mega pixel, 2X optical zoom camera. The camera is known as IXUS IIs in the Korean market and else where in Asia. Though IXY 30a and IXUS IIs are same in every aspect the later one is compartively expensive. According to the vendor IXUS IIs is marketed (and may be manufactured) in Korea in collaboration with LG so it is bit expensive. As I got the Japanese version the manual is in Japanese, basically worthless for me, but the camera has several language options so won't be difficult to operate.
Olympus c-120 is a good point-and-shoot camera but I wanted to get a new one as it consumed 4 AA batteries, is bulky and indoor/night shot with flash isn't really good. You can view my photo gallery to checkout the pictures taken by c-120.
I had read several reviews before buying the Canon IXY 30a. Actually had read reviews of IXUS IIs as the reviews of IXY 30a are in Japanese. Let's see how it performs.