Sanyo’s VPC-CA102YL is a waterproof camcorder that captures 1080/60i HD video encoded in MPEG4 AVC H.264. The VPC-CA102YL (is it that difficult to make model names that are easy to remember?) can also take 14-megapixel photographs. The viewfinder is a 2.7-inch LCD. Other specs include: f3.5-3.7 6.8-34mm lens, 5x optical zoom, waterproof to 10 feet, USB, mini HDMI, SDXC card slot. Available in September for US$349. Source: Sanyo
PS: I want a waterproof iPhone.