Olympus Stylus 1030

There's a new underwater camera coming out. A bit pricey at 400 dollars, but it's waterproof down to 33 feet, can be dropped from over 6 feet, works in below freezing temps, and can stand over 200 pounds of crushing force.

http://www.olympusamerica.com/cpg_section/product.asp?product=1363

http://www.digitalcamerainfo.com/content/Olympus-Stylus-1030SW-First-Impressions-Review-17566.htm