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I know it sounds expensive but at least you know Canon will fix it properly with a limited warranty on the repair. Remember, they have to take the camera completely apart to reach that part. If you're interested in seeing how complicated it is, google the words...disassemble a digital camera.
First of all, all point and shoot cameras suffer from "shutter lag". You can Google that for more info. To minimize it, press the shutter button half-way and lock in the focus. Then, press the rest of the way when the time is right. Your camera will be about 0.5 to 0.8 seconds behind the actual press of the button.