Nikon COOLPIX AW100
16 megapixel CMOS sensor; 5x zoom with 28mm wide-angle; 1080p HD video with stereo sound; Waterproof to 33 ft, shockproof to 5 ft, freezeproof to 14 degrees Fahrenheit, and dustproof; Optical image stabilization; GPS tracker and compass; Lithium-ion battery
Nikon finally got the ruggedized camera right in the AW100, it seems. The AW100 is still a compromise in some respects (battery life), but image quality is good enough for most purposes and, with waterproofing to 33 ft and shockproofing to 5, it can take a solid beating. Unlike Panasonic's newly-announced TS4, the AW100 sports a CMOS sensor and a high-resolution LCD. It's also quite a bit cheaper than some of its ultra-rugged competition.