I'm in the same boat needing a new camera.
that Pentax isn't a DSLR and reviews say that image quality is not good (because the sensor is small along with the camera!).
I think that the interchangeable lens Micro 4/3 sensor cameras are the best compromise for image quality and compactness for travel these days. Not quite DSLR image quality, but some are quite small. Good options that I've looked at are the Lumix GX1, GF3 (now quite cheap), newer GF5, and the olympus E-P2, E-PL2. Sony makes them too, but fewer lens options.
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