Is it worth it?
Panasonic's underwater camcorder is apparently only 0.41 Megapixel at about £300 quid. For about the same cost (possibly less) I'd just use my existing mini-DV camcorder with a water proof case; with the benefits of higher resolution and ability to go a little deeper in water. Probably wouldn't help if I dropped it though. I like some Panasonic stuff, but I question this one.