Thinking about a camera

I am thinking about getting a new video camera. I would really like the Sanyo E1 waterproof digital video camera. It looks great and there have been some very good reviews on Amazon.com for this camera. And the blue version is on sale today as well. But I can’t quite justify a new toy at the moment.

Do you know of a good digital video camera that is waterproof and has good quality images? Drop a comment here and let me know.