Powerpoint everytime.
What on earth do you mean a little more powerful? Powerpoint is designed for this kind of job, and can be very slick indeed.
Try to forget about those slideshows you may have seen where the creator has used bounce, fly in/out and spiral for the text along with a checkerboard transition (with laser sound effect!) - Powerpoint is as powerful as the person producing the slideshow.
I have been on an advanced Powerpoint course, and it is a great piece of kit for your needs, onesummer - honestly! With features to hand such as slow dissolve through black transitions, embedding Quicktime movies, custom animation routines, background music ability, and precise order/timing options (as well as the ability to rehearse timings) I think you should re-consider your options!
(Sorry to ramble)
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