I am currently using the Kodak LS420. Thinking of upgrading to Kodak V550 and wondering if anyone here has any experience of it. I am a complete novice and it seems to be what I am looking for. I have read several reviews - most of which are too technical for me to understand :) Any thoughts would be greatly appreciated.

Not a bad camera, it comes with the kodak easyshare dock which is different looking then the other kodak ones. I sell them at my work. seems to have a good review. We sell two different colors, grey and black if you call that color lol.
Grey color one
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http://www.staples.com/webapp/wcs/stores/servlet/StaplesProductDisplay?storeId=10001&catalogId=10051&langId=-1&productId=137125&cmArea=SEARCH

Black color one
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http://www.staples.com/webapp/wcs/stores/servlet/StaplesProductDisplay?storeId=10001&catalogId=10051&langId=-1&productId=137143&cmArea=SEARCH

Price is $329.00 and shipping is free.
PLUS
FREE Epson Stylus CX3810 all-in-one OR upgrade to the CX4200 for $19.98 after combined savings.

To receive your savings:
1) Add digital camera to your cart.
2) Add one of the following all-in-one machines to your cart:
Epson Stylus CX3810 (619240)
Epson Stylus CX4200 (620324)
3) At check out enter coupon code 46952 for your $10 savings.
4) Download the appropriate mail-in-rebate form ($30 rebate for CX3810 or $20 rebate for CX4200)
5) When you check out your confirmation will include information on how to submit and track your $50 Easy Rebate.

Gosh Andy, that is a good deal - I live in the wrong country ! I have it on order locally here (should arrive today) and it is NZ$649 which = US$419.They are including a 256 MB SD card.
Prices have come down - when I bough my LS420 almost 3 years ago it was just over NZ$1000 with a 32 MB card.
Hopefully it will be as easy to use as my current one, which is idiot proof, nothing to adjust, just point & shoot and hope for the best :)