Panasonic Lumix DMC-TS1
Available in silver, green, and orange, this sleek, sturdy digital camera is waterproof, shockproof and dust-proof. The Panasonic Lumix DMC-TS1 also features AVCHD Lite High-Definition (HD) video recording, 12.1 megapixels, 4.6x optical zoom, 2.7-inch LCD, and 28mm wide-angle Leica DC Vario-Elmar lens. This camera is waterproof to a depth of 10 feet and costs around $300. (All prices are as of January 2010.)
Fujifilm FinePix Z33WP
This curvy, neon digital camera features Face Detection (up to 10 faces), auto scene recognition, 12 in-camera editing features, auto red-eye removal, Blog Mode image sharing, and 3x Fujinon optical zoom lens. It's waterproof to a depth of 10 feet and costs around $150.
Olympus Stylus Tough-8000
The Oympus Stylus Tough-800 is not only waterproof, but also shockproof, crush-proof, freeze-proof, shake-proof and dust proof. This camera has 24 shooting modes and can shoot up to 3MP images at 5 frames per second. It's waterproof to 33 feet and costs around $300.
Pentax Optio W60
One of the top sellers in Pentax's Optio line, the stylish W60 is waterproof to 13 feet, has 720P HD movie capability, Advanced Face Recognition (up to 32 faces), and Super Macro focusing as close as 1cm. This 10-megapixel camera costs around $260.
Canon PowerShot D10
This highly durable digital camera from one of the industry's best is waterproof to 33 feet and withstands temperatures as cold as 14 degrees Fahrenheit. Other features include Advanced Face Recognition, 3x optically stabilized 38-114mm equivalent zoom lens, 2.5-inch LCD, and Smart Auto Exposure. This underwater camera goes for around $300.
VuPoint DC-WPC-ST531T
This budget camera captures underwater images at depths of up to 50 feet. Picture quality isn't outstanding, with only 5 megapixels, maximum ISO200, and no optical zoom. However, for under $100, it's solid option.
Olympus FE-360/ Olympus PT-044 Underwater Housing
This affordable pocket camera is waterproof down to 130 feet when used with the Olympus PT-044 underwater housing, which you can purchase as a combo for under $260. The camera features detachable LCD hood for LCD monitor, high-quality polycarbonate construction, zoom and flash mode, and neutral buoyancy under water.
Epoque EHD-800Ai Underwater Camera & Housing
At an approximate cost of $300, this camera and underwater housing combo provides a great option for serious scuba photography. Designed by a leading underwater specialist company, the camera features 2.5-inch LCD monitor, 3x 36-108mm f/2.8-4.8 zoom lens and built-in flash. You can capture images at depths of up to 150 feet.
Sanyo Xacti VPC-E1
The Sanyo Xacti VPC-E1 is one of the world's first waterproof handheld camcorders. This camera shoots MPEG-4 AVC/H.264 at 640x480 with up to 5 hours of recording time using a 4-GB card. It also has a flip-out LCD screen, 5x optical zoom, and is waterproof to a depth of 5 feet. This camera costs around $500.
Panasonic SDR-SW20
This underwater camcorder records video in MPEG-2 format at up to 10 Mbps and features 10x optical zoom. With 0.3MP 640x480 still-imaging capability, it's not the best camera for snapshots, but it's waterproof to 5 feet. The Panasonic SDR-SW20 sells for around $290.