Not sure how obsolete it is but I carry a Sony DSC-W90 round as a backup shooter and it's ace. When I bought it, the main criteria was to get minimal shutter "lag" ie, time between pressing the shutter and the image being captured as this is one of the main areas where compacts are pretty crap (compared to an SLR). Is this what you mean by "fast shutter speed"? Outside in good light I can just get a half decent shot of an RC car at speed on the compact but only if I pan with the optical viewfinder as framing it with the screen is no good because the image disappears once you press the shutter so you have no idea if the subject is still in frame or not for the .2 second or so it takes to capture the image. Optical viewfinders are worth their weight in gold for this but they are now a rarity on compacts. The Lumix range are excellent cameras but I don't think any of them have optical viewfinders.
What about a bottom end SLR like a Nikon D40?
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