Sony NEX-3 vs Canon 340 HS

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Larger sensor
APS-C vs 1/2.3 inch
More sensor area. Bigger is (generally) better.
Bigger pixels
~ 5.16 vs 1.34 microns
Better low-light and dynamic range (all else equal)
In-camera panoramas
Yes vs No
Stitches multiple shots into a panoramic photo
Tiltable Screen
Tiltable vs Fixed
Tilt the screen for shooting flexbility
RAW file ability
Yes vs No
Gives you more flexibility to develop your photos later
More dots on screen
922k vs 461k dots
Can mean greater resolution or a brighter screen
Hot shoe
Hot shoe vs None
Off-camera flashes open new possibilities
Longer exposure
30 vs 15 sec
Long exposures for night shots
Bulb shutter
Bulb vs No bulb
Hold the shutter open manually for long exposures
Faster shutter
1/4000 vs 1/2000 sec
Shoot wide open in bright light
Higher extended ISO
12800 vs 3200 ISO
Higher extended ISO can give more low-light flexibility

Less expensive
$200 vs $600 (MSRP)
Save money for lenses or accessories
In-Camera Image Stabilization
Yes vs No
Reduces the effects of camera shake at slower shutter speeds
Built-in Wi-Fi
Wi-Fi vs None
Share your photos wirelessly
Internal flash
Internal flash vs None
Useful in a pinch for fill flash
Thinner
22 mm vs 33 mm
Thinner
Shoots 1080p video
Yes vs No
You'll want this if you shoot video
Faster JPEG shooting
3.9 fps vs 2.7 fps
Faster JPEG shooting (burst mode)

Rear display
Both provide
Review photos on the back of the camera
Manual focus
Both provide
AF is for the weak. Real photographers focus manually.
HDMI out
Both provide
Use HDMI output to monitor or review video

Focus peaking
Neither provide
Your camera will highlight what's in focus
Eye-level viewfinder
Neither provide
You'll be able to frame photos even when the sun is out
Touchscreen
Neither provide
Interact with your camera just like your smartphone
Built-in Bluetooth
Neither provide
Always-on wireless connectivity
Built-in GPS
Neither provide
Geotag your photos
On-sensor phase detect
Neither provide
Usually improves live view and video AF performance
Integrated ND filter
Neither provide
Shoot in daylight with a large aperture or slow shutter
External Mic Jack
Neither provide
Improved sound fidelity when shooting video
Dual card slots
Neither provide
Gives you more storage flexibility
Headphone jack
Neither provide
Monitor audio recording while you shoot video
Slow-motion videos
Neither provide
Shoot slow-motion videos