Sanyo Xacti E1 Waterproof Camcorder

While it may not match the Xacti HD1's video prowess, all that extra resolution won't help you if you're five feet underwater. The Sanyo Xacti E1 Waterproof Camcorder ($455) records both H.264 640x480 video at 30fps and six-megapixel digital stills underwater. Features include a 2.5-inch LCD, 5x optical zoom, image stabilization, and SD or SDHC storage. Plus, it comes in white, blue and yellow, depending on what kind of fish you're trying to confuse.