I just got this Olympus TG-2 iHS 12 MPX 4 x optical zoom, 8 oz weight.
Good for 50 feet deep without a housing.
I got also the optional fish eyes lens, allows wide angle shooting without lose of light.
Shockproof for drops from up to 2m (6.6ft), freezeproof down to -10C (14F) and crushproof
Includes GPS technology and an electronic compass.
High-Speed Sequential Shooting up to 60 frames
http://www.amazon.com/Olympus-Stylus-Di ... us+tg2+red
DrLW