Just an FYI: both Panasonic and Canon have recently updated their waterproof compacts. Panasonic has two of them, one more featured than the other (and more expensive). Canon's update is a complete redesign, more in line with the size/shape of the rest of the waterproof compacts out there. Some differences: • The upper Panny (TS-4) and the Canon are both 12 MPs, whereas the lower Panny (TS-20) is 16. More notably, the canon is using the BSI-CMOS style sensor, which should give it a little better low-light. • The TS-4 offers a manual mode instead of just scene modes; the canon doesn't. • The TS-4 has a wider range of long shutter speeds (60 seconds vs 15 seconds). • The Panny lens starts faster and ends slower (f3.3-5.9), the canon lens starts slower and ends faster (f3.9-f4.8). • The Both the Canon and the TS-4 offer 1080p movies. The Panny offers 60/30 fps for most resolutions. The Canon only offers 24 and then 30fps (for 1080 and 720), but it then also offers 120 and 240fps for the 640 and 320 resolutions. The Panny has a time-lapse movie option, amongst other things. Looks like they both offer a "miniature" movie mode. • The LCD on the back of the Canon is twice the resolution of the Panny. • The Canon GPS offers a logger function, apparently to track routes. The Panny offers altimeter and compass. While I'd like a mix of the two, either way, it's a good time to be in the market for a compact waterproof.