i had the canon ixus60 i loved it, took exceptional photos etc etc, lasted for a fair while, until it broke the other day. Now the lens doesnt retract back in and the shutter doesnt close oh and the focus well, doesnt focus!! I have also owned an olympus and can say they too were exeptional cameras, never had a problem.
Let us no what u decide as I am also looking at that olympus - its crush proof, waterproof, shock proof - i think that definitely makes up for the price difference.
Cheers
Tahni