Take a Sanyo Xacti CG65, add some waterproofing, and what do you get? Why the Xacti E1 of course. While Sanyo had the "water resistant" CA6 last year, they're calling this the world's first "waterproof" camcorder. Like the landlubbin' version, the E1 is a digital camera / H.264 recorder which writes both 6 megapixel stills and 640 x 480 pixels/30fps videos direct to SD/SDHC cards. Only now, it does so when submerged at depths up to 5 feet for no more than an hour at a time. Available mid-June in choice of Blue, yellow, or white for $500.

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Sanyo's Xacti E1 waterproof camcorder: good to a depth of 5 feet