Recommendations on underwater P&S

[oceania]

I'd like to buy a point and shoot in addition to my SLR to take on trips. Because it will be my secondary camera only used when I'm in conditions where I can't use my SLR, I don't want too spend a lot of money but don't want to get something cheap that will break either. $500 is the max but my preference is something in the $200-300. I would like it to be waterproof so I can take in the water as well as use it without problems in wet/humid conditions but also good to use as a regular P&S.

Any recommendations on what kind of camera? I was looking at Olympus or Panasonic ones but there's many out there.

Here's one of them: http://www.henrys.com/webapp/wcs/sto...&itemID=255068