I recommend the coolpix or powershot series by Canon or Nikon.  Generally, they have good picture quality and have models with features in increments based on price.  The Canons tend to use Compact Flash memory and the Nikons use SD, though some models do give and taken.  However, the memory on either isn't very expensive and you can definitely get a gig worth for pretty cheap now.

Look for basic optical zoom, rather than digital zoom only.  Digital zoom is basically cropping a picture to "zoom" in on it, whereas optical is magnifying the image and not taking away resolution and quality.

What bike said is very true.  Just having advised a co-worker a week ago about the same subject, I do tend to recommend the Cannons over others though.  They are very forgiving and and tend to take great shots with people with crappy skills.  I bought recommended the SD800 to a friend only because she wanted a few extra features, but the camera has a very simple point and shoot setting.

http://www.newegg.com/Product/Product.aspx?Item=N82E16830120193

Is comparable to the one you linked.  Again, the colors tend to be truer with Cannon and you tend to pay a little less because the name is considered "cheap" even though their cameras usually rate higher then Nikkon or Olympus. 

Ask yourself what you want to do with the camera (basic pictures or artsy-fartsy stuff) then look for camera's that have those features.  More pixels does not mean better pictures.  Optical zoom is the only thing that matters.  Media format is not a issue unless you have a ton of money invested in a particular format.

What Bike said plus mine = you will be happy.

well its just gonna be for casual uses, so i guess thats once i chose would be adequate?

Bought my daughter a Canon last Christmas.  It's been a great camera.

Just look for one that says lithium-ion on the box. This ensures that it's rechargable. As for the budget, I dont think 120 dollars will net you a rechargable camera. The bare-minimum for a lithium ion camera is usually 150-180.