Who says you need a high end camera to take good pictures? Trust me, it's really not about the camera (most of the time) but how you use it (wow that sounds like a strangely familiar saying).  All you have to do is (1) Get the camera out of full manual mode - even into Program exposure mode, (2) Watch your white balance setting, (3) Take control over your exposure compensation, and (4) Turn off that god-aweful little flash (make sure it's a static subject though).

These were all shot on my Canon SD1100IS with black and white conversions done in Lightroom 2. Take a peak...

Yea, yea, I know, it's a hotel bed. Look past the bed at the texture and alignment of the pillows. Well... I thought it looked neat anyway.

And a color shot for good measure...

I think that, most of the time, the reason people don't get serious results from their pocket cameras is because they don't treat them seriously. I mean really - pay attention to the lighting, watch your white balance and exposure compensation, and compose like you would on your serious camera, and you'll often get great results!