FYI. Waterproof camera review…

If you don't want to read the whole thing, here are the conclusions:
Recommendations

After spending time with these four rugged cameras - including a week of snorkeling and hiking in Hawaii - there was one camera which this reviewer reached for the most often, and that was the Olympus Tough TG-3. Not because it has the best image quality (it doesn't), but because its performance, ease-of-use, fantastic LCD, and never-ending battery life made it a pleasure to use, which is why it earns a silver award.

If you're more budget-limited, then Nikon's Coolpix AW120 is a good choice. It has an attractive focal range, good performance, elaborate GPS system (perhaps too much so), and the nicest movie mode. The trade-off is an OLED display which is difficult to see outdoors, and subpar photo quality.

The remaining two cameras are also worth considering, especially the Pentax WG-4 GPS (a non-GPS version is $50 less). It arguably has the best photo quality in the group, is extremely rugged, and offers a nice GPS tracking system with a useful front-mounted LCD info display. Unfortunately, its battery life is awful. The Canon PowerShot D30 is unremarkable, but it can go deeper than any other camera in the group and has above average image quality. Both cameras lack Wi-Fi, which has become a standard feature on compact cameras these days.

One other rugged camera to look at is one of last year's favorites, the Panasonic Lumix DMC-TS5 (FT5), which is now selling for a very reasonable price of $249/£249.
 
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