wow! i see we're all on the same page for once in a single thread!
kinda scary, actually...
OP: in the 200 price range, it almost doesnt matter which camera buy. a flip, perhaps. at that level, everything else other than the camera increases in importance. its important anyway even if u have a 20,000 camera. but its so much more important with a 200 camera. lighting, sound, framing and story story story.
i know its easy for every1 to give advice abt wat u should do and wat u should have, so wat ill say is get a flip or something for 200 and then if u dont have any money for anything else:
know the limitations of the equipment u have a build a story around that. if u can borrow lights, go borrow them. if u can not, make a story surrounding a situation where it is home filmed with bad lighting or it is POV filming with a bad camera. get the general idea?
write a story that is gripping from the get go, that will be ur biggest asset if ur filming with cheap equipment.
and if u cant do sound, make it a silent film with free music from the various artists who advertise here on indietalk.
i dont know wat u have in mind, but i hope my sporadic ideas above gave a general view of how to work around the equipment you do have to tell an interesting story.
goodluck!