I KIND of do astro photography. My dad has a lower end telescope that I've used a bit. The problem is it has very poor tracking, so I can't use long exposures. I also found out I was using the wrong T-mount, Celestron makes two, one for telescopes with a built in barlow and one for those without. It turns out the scope has a built in barlow, but I didn't know the other mount existed and so I got the wrong one. I could never tell if I was getting the focusing right in any case. I'm on my laptop now, later I could dig out some of the shots I took through it. I got halfway decent moon shots, but nothing to rave about.
However I've been experimenting to see what I can do with just my camera mounted on a fixed tripod, no equatorial mount. I did catch Holmes a few weeks back, and took a bunch of shots of it and stacked them using an auto stacking program. The results were not bad for a 200mm lens on a fixed mount in heavy light pollution.
Don't discount the utility of web cams. The weirdest thing I've found in astrophotography is that webcams are among the more popular means of doing it. I mean astrophotography CCDs are still the high end way to go about the process, but I've seen sites run by astrophotography enthusiasts where their best images have been taken with webcams. More so for planetary imaging since they can't match the light gathering ability of a cooled CCD (although some have installed cooling modifications to commercial webcams), but I've seem some outrageously good pictures of Jupiter or Mars that were taken with a webcam. The process there is stacking, again, but using a great many individual images. I did my Holmes stacking with maybe 20 shots, they do it with hundreds or thousands.
You can certainly use P&S cameras with telescopes. I think in that situation you need a more specialized mount though, because of the variation in size and shape among P&S units.