If you have used this card before it should not need re-initialized. Dust on the contacts along the card can sometimes cause this, also check if there is any discoloration as this could cause poor connection. If there is, use a pencil eraser to rub the contacts to clean them. If it is a CF (Compact Flash) card, check if there is any dust in the pin holes along the side or any hairs covering the holes. If this is a New card try the formating option in the menu area of the camera.

Manual Mode allows you to make ALL decisions whereas Auto Mode ALL decisions are made for you by the Camera. Very few compact cameras give you a “Manual” mode and those that do are VERY limited in functions. For true “Manual Mode” it is best to go with a Digital-SLR. Manual mode will give you full control over Aperture (how much light is let in), Shutter (how long light is let in) and ISO Speed (how sensitive the sensor is to light) plus full Auto and Manual Focus.
With a Digital-SLR you cam even take the Shutter speed to Bulb (Shutter stays open as long as you keep the button pushed) which will allow you to take Lightning and Fire Works photos.

There are several Digital-SLR cameras that will be perfect as a first camera for a photography student. All under $600.
Canon Digital Rebel XT 8megapixel and XTi 10megapixel.
The Nikon D40 6.1 megapixel.
The Olympus e-420 10megapixel.
The Sony a200 10.2 megapixel with steady shot.
All have various features such as Auto Sensor cleaning, Scene settings, and Special Image processing.
Each camera has a different feel to it. It would be best to stop by your nearest BestBuy and try them out. Find the one that feels best in YOUR hand. It is going to spend a lot of time there.

The quality of the photo would be essentially the same. It would be easier to move the photos to either a computer or print them with the flash based camcorder.