Check out the link for the Pros of having and using a 50mm prime lens.

http://www.youtube.com/watch?v=PwmCrGVS3ZQ&feature=g-hist&context=G2bd95aeAHT4cNUQAHAA

Looking for a high quality point-and-shoot? Then take at look at Canon's newest from the G-series.

http://www.popphoto.com/gear/2012/02/tested-canon-g1-x

Also, check out some other great gear:
http://www.popphoto.com/gallery/popular-photography-2011-pop-awards

Newest photo. Will post more as soon as I find the time to take them.