Here's the Sanyo Xacti E1, the world's first waterproof camcorder. You're not going to be taking this $500 camcorder scuba diving, because it can only be taken down to a depth of about 5 feet for an hour at a time, but still, you're not going to need a bulky underwater housing to take this 4.4-inch-tall, 8.3-ounce package in the pool. It shoots standard definition H.264 MPEG-4 video onto an SD or SDHC memory card, and compresses it so efficiently that can fit 10 hours a 640x480 video at 30 frames per second on an 8GB card. It can also take 6-megapixel JPEG stills, and can even capture those pics at the same time you're shooting video.
