For what they cost, I'd just go for a Nikonos V with the standard lens, and bypass the plastic fantastic stuff. I love mine. I got it and $300 in exchange for a cheap guitar I never used! Nice sweet deal. I picked up the flash at a camera shop in Ventura a little while later. I use it in mountain streams, the beach and swimming pools, hot tubs, baths, foul weather. My friend takes it diving, but I am not licensed to do so myself. They are built like brick shithouses, and are also about the most quiet camera you will find. The flash might be more than the camera, and you will need one if you plan on diving below about 3-5 meters. Even in more shallow water, it can be difficult. They are easy to self service, and nothing has ever gone wrong with mine despite numerous mishaps. The one and only huge drawback is that they are zone focus viewfinder caemras, so are hard to use for close objects and/or low light. The fact that you don't need a bulky and expensive case more than makes up for any drawbacks, IMO. It is a nice, compact, but very solid package.