Rugged and compact usually don't go together so I can't speak to how durable a digital point and shoot will be on a motorcycle. Also, the Fuji S5200 goes to 380mm so you won't get that kind of zoom range in a compact digital camera. But if you are interested in a compact with a wide angle zoom, you might consider the Canon SD800IS which goes for about $300. It has a wide angle zoom from 28mm-105mm and has image stabilization.
This camera just became obsolete this week with the introduction of the Canon 870IS which I don't believe is available yet. Still, you might be able to get a good deal on the SD800IS. You can read a review on SD800IS from Ken Rockwell here.
You can read Ken Rockwell's other suggestions here.
If you need a little bit longer zoom, the Canon SD850IS goes from 35mm-140mm, but I find the wide angle 28mm much more useful than the zoom of 140mm. You can read Ken's review here.
This camera just became obsolete this week with the introduction of the Canon 870IS which I don't believe is available yet. Still, you might be able to get a good deal on the SD800IS. You can read a review on SD800IS from Ken Rockwell here.
You can read Ken Rockwell's other suggestions here.
If you need a little bit longer zoom, the Canon SD850IS goes from 35mm-140mm, but I find the wide angle 28mm much more useful than the zoom of 140mm. You can read Ken's review here.