[The Olympus Stylus 770SW is not only waterproof (it can be taken down to about 33 feet underwater), but is also quite rugged; it's able to withstand 5-foot drops onto concrete, 220 pounds of weight on top of it and temperatures as low as 14 degrees.

It shoots stills at up to 7.1 megapixels and has 3x optical zoom.

The Stylus 770SW costs about $270 and comes in silver, blue and bronze.]