A blanket NO? It depends on what psquared needs.
If you like fidgetting around with photos and adjusting ISO, aperature, etc then consider a entry DSLR like the Rebel XTi . But if you're after simplicity get a cheap point and shoot like the PowerShot SD1000.
The PowerShot SX10 can be considered a pro-sumer product. It sits between DSLRs and P&Ss. I think it's a great camera if you want the flexibility of DSLRs and the convenience of P&Ss. Get it.