I'm assuming you want a P&S for pocketability.
Another vote for the Yashica T4 - very accurate exposure meter, excellent lens Zeiss lens, accurate autofocus.
Portraits with shallow DOF are another matter. If you avoid 'nose-on' poses, or stay back 3-4 feet, a 35mm focal length can work although 80mm does a much better job. But P&S with 80mm zoom lenses are very small aperture and DOF is much to large, IMO. And I have never been impressed with the optical performance of P&S zooms.
You are never sure just what you are focusing on with autofocus P&S's. You want to focus on the nearest eye - a shallow DOF shot that focuses on the far ear isn't going to win prizes. The uncertainty of short baseline AF sensors is one reason only large DOF lenses - short FL and/or small aperture - are found on these cameras.
A good compromise may be a Canon QL17/GIII with a 45mm f1.7 lens. Be sure to get return privileges - they are getting long in the tooth and many have long since dried-up and jammed-up.
Other choices are Olympus 35SP [not the most reliable camera], Leica thread-mount with a collapsible lens, or one of the larger '60-70's era Minolta Hi-Matics, Yashica Electros or Konicas.
However, none of these older brass&glass cameras are 'pocketable'.
For a bit more $$ you might look at the Voigtlander Leica-mount cameras or the Contax G series.