The Ixus 500 has been great. We got it after our car was stolen in 2004 as a replacement for the Ixus 2 we had. The 2 batteries that were replaced definitly were different even now one showes that it is flat in 10-15 shots but will continue to work for ages but nowhere as long as the other. I should have had it replaced but I chronically leave them in the charger (original Ixus 2, never got the other one out of the box) so maybe it was left in too long constantly.
Ok real battery life example, went to Australia Zoo a few weeks ago and took 157 photos/movies or 549Mb, arrived at 10:30am and the good battery lasted till 3pm. Bad one didn't last long enough to take a photo of us all when we left at 4:30pm.
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I considered taking it in for repair, nut found that it was cheaper to buy another older model from eBay. That worked for a while too, and seemed to be OK. All of a sudden it started to munch batteries as well. I started to suspect the batteries themselves as well as the charger - but we bought replacements that do the same thing even when chargers are changed. I'm not sure what to do next - junk them?
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Canon wants $50 to do a quote on a repair in brisbane. Personally I'd try it for one camera just to see if it's cheaper to fix than buy another 'old used camera with unknown faults'. Both our cameras got to about 2 years old without problems. I do believe it is a better to start new with electronics, but who knows as even new can have problems. Our video camera was 9 months in repair in the first 12.

I don't know what to do with the Ixus 300, we find ours great for telescope moon shots. As you say easy to align the camera to the eye piece. Haven't had a chance to do it for a while.
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earthlight