Okay sorry, that wasn't quite the right link up there.
But, I was thinking along the lines of something found here. For example,
The canon Powershot and olympus stlyus lines both have housings just over $100.
http://www.bhphotovideo.com/bnh/cont...rch&Q=&ci=5237
Though, something with an external flash would give you the award winning deep underwater shots, but the goal for me here and now is price, compact-ness, multiuse & worry free waterproofness. Like I said, I'm still looking around though.
I know sooner or later i'm gonna wreck my wifes camera....and then, well, I'll just be a deadman.