Here's the direction i went - waterproof still and video camera combined:
WATERPROOF down to 5 ft (for 1 Hour)
High Definintion 720p Digital Video
Records onto SD / SDHC card (not included)
9 megapixel still photos
One hand operation
Also operates as a webcam
5x optical zoom
2.5'' LCD
Digital Image Stabilizer
250 grams
It's a bit "cute" for my liking, but it works pretty well so far.
I haven't really tested it - the first real test will come during my Roche trip at the end of May.
I will post pictures and video then.
So far the video action is fairly smooth and crisp, and it records video in MPEG-4 format which takes some fiddling for some video editors. It has a tripod mount, and it can take still pictures while shooting HD Video (though it's really hard to keep it still).
I don't like the pistol grip shooting angle, as it is difficult to stabilize it for still shots.
I also don't like that you need to keep the LCD open and on or the camera turns itself off.
This of course eats batteries if you want to keep the camera running.
The battery it came with lasts 70 minutes, but I picked up 5 more off Ebay for $35.
It also comes with NO memory card, but I picked up a couple low speed SDHC card for $27 each at Wal-Mart.
you can record ~4 hours of 720P video with a single 16GB card.
https://www.airmiles.ca/arrow/RewardsProductDetails?productId=prod643947