Go to Ken Rockwell's site and do a search for Contax. He has information on the G system cameras that you may be interested in.
I wouldn't spend a lot of money on a P&S camera because it would hurt to think for that price I could get a proper camera, like when I look at the price of high end digital S.L.R's I think "I'm not playing that, I could buy a used Hasselblad outfit for that price".
You know of any "proper" cameras that are small and pocketable which it seems is what the OP wants?
What's is "proper" anyway? My T2 is sulking....
People no longer want to carry heavy metal cameras to obtain similar results to one they could slip in a shirt pocket. The downside is most point and shoots were not built to last, although lightly used ones can still do the job.Seems to be a very popular market (high end film P&S)
A T2 which cost 1/3 of what a Nikon F5 sold new is now selling for the same price as the latter used
The T2 does have a gorgeous lens tacked on it
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