For the old P&S, mount it on a tripod so you can get the lens parallel to what you're shooting. (Set the timer, too, to avoid jiggling the camera.) Once it's on the tripod, you can just slide the album covers through and not have to do anything to the camera. Then process the shots through ps as a batch. Badaboom.
...or try an Epson. I've heard good things about them as well, and the software that comes with it might have some OCR abilities.