$70 - HP 12.1 MP 2.7" LCD 4X Digital Camera

http://www.newegg.com/Product/Product.aspx?Item=N82E16830119120&nm_mc=EMC-IGNEFL091610&cm_mmc=EMC-IGNEFL091610-_-EMC-091610-Index-_-PointShoot-_-30119120-L014B

The Camera of My Dreams

http://www.amazon.com/dp/B001SER460/ref=pe_62860_16724480_pe_vfe_t1

If money were no object, this $265 12.1 MP Cannon waterproof camera would be what I would buy.

Olympus Waterproof Camera for under $100

http://www.buy.com/prod/olympus-x560-10mp-waterproof-digital-camera-red/q/loc/33409/listingid/102295773/217129369.html

At $87 this waterproof 10 MP camera looks pretty good.