While I was away I made my wife buy me a new camera because I always scam her's . What I wanted was a waterproof camera that can take underwater pic's. I have heard all but good things from this (China) camera and it is on sale at best buy for $179.00.
Olympus - Stylus 10.0-Megapixel Digital Camera
http://www.bestbuy.com/site/olspage.jsp?skuId=9225484&st=underwater+camera&type=product&id=1218062421854 Some minor downside things are :
You would need to buy an XD (not SD) memory card (extra).
It only takes a rechargeable battery.
I'm happy with her buy :) Now get ready for some trippin shots.