I have a Canon P&S, it's a bit old now by standards,Powershot A2000 IS, but it does have some abilities to change up shutter speeds. I've been very happy with it, and would recommend looking into the brand for sure.
I have a Kodak Easyshare Z612, and believe it or not, it has manual overrides for just about everything. It is quite limited--ISO tops out at 400, lens opens to f2.8, shutter speed at 1/1000 and 16 seconds time exposure. However, if I had one that did more, I wouldn't know what to do with it. :)
Until I can afford the Leica DX-1, I just bought the Easyshare C190. It has the capacity of up to 8 sec. manual shutter. Thanks everyone, and God bless!
If you ask me, most P&S have the capabilities today just not very well used. goto you local camera store/electronic store and look. I did a P&S study in my gallery and it was with a 10 year old p&s and did it all using manual mode.
Most of my pictures are taken using my compact. It's a Canon Powershot S90. It's brilliant, as it has the manual settings of a D-SLR including the ability to change your shutter speed (and aperture too), an f/2 lens, RAW capability and a sensor bigger than most other point and shoots. Get it!
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http://www.usa.canon.com/consumer/controller?act=ModelInfoAct&fcategoryid=144&modelid=19209#ModelDetailAct
first in the series of 7
http://365project.org/gixster92/365/2010-05-12