Sometimes, I just don't want to drag out my D50 or D300s and I just want something that I can take and go. In that regard, I love the Nikon L11. Though it's out of date (only 6MP versus the 16MP of it's newest competitor, the S6100) it's still a heck of a camera. However, I have been toying with the idea of giving the L11 to my oldest son. I know it's still got a few good shots left in it. In the hands of a photographer with an eye for composition, the L11 is a potent camera.
Until I can manage to afford the P7000, this L11 will be my grab n' go camera when I want to take photos but I don't want to be weighed down by the D300s.