It's about time someone made a 100% waterproof camcorder. The possibilities of video footage underwater is endless! There are plenty of 'water resistant' gadgets out there - but this camcorder really is - up to a depth of 5ft anyways, any deeper than that and you're screwed! But it stays fully functional for up to an hour underwater. It is tiny and lightweight - 4.4" tall and 8.3oz - unlike the majority of underwater cameras that are the size of a phonebook.

The format of video is H.264 MPEG-4 video(compatible with iPod) at 640x480, and a 6 mpx still camera. It's also got a 2.5" LCD display for video playback, and comes in three very tropical colors, blue, yellow, and white.

All this for $499. It should be available in mid-June, just in time for beach season. Check out more at Sanyo.

Via PopGadget