P&S vs SLR is like Wordpad versus Word, just how much do you need to do determines the complexity.
I prefer P&S, because chosen correctly they are faster to use, easier to handle and take good photos, but nothing like an SLR!
Often, cameras show weakness in their lenses. But among SLRs, given you can interchange lenses the electronics moots mostly one models advantages over another, except for the auto features and reliability ratings.
But in P&S, the lenses make a big difference, and paying for electronics is not worth it; today image stabilization and facial recognition are selling points in new P&S, but one can work without that easily by technique.
For me, a P&S must be able to fire quickly, and be in focus. That means turn on time, flash recycle time, setup time, focus are as fast as I can point and shoot. The reason for this is to minimize the time I spent fussing with the camera and having people pose, also you can snap before anyone reacts to the camera being there, and makes for best spontaneous photos.
In news photos, you never know what happens, so being able to rapidly deploy and snap is key and seize the moment before something happens!
![](http://static.onemansblog.com/wp-content/uploads/2007/09/Safety_Ladder_In_Pool.jpg)