Specced up even higher, my mate bought a Sanyo Xacti VPC-102 off Amazon.
+ Class 6 SD card
It's waterproof. Did fine diving in Cozumel in what was no doubt a little more than the 10' rating.
*The dual zoom range is insane. Reaches out much farther than an APS sized DSLR + 200mm lens.
*Image stabilization is fairly poor
*Buttons take finesse to use. To be expected with a waterproof device. This WILL NOT be a problem to an owner or user. It mainly troubles the random person you pass it off too.
*No burst mode
720p @ 60fps. Looks amazing for a non DSLR type video. You could easily make a Demo tape with this. Apply a little post-production image stabilization & resize it back up. It'll be great!
Skip 1080i video ENTIRELY. Youll never be able to deinterlace it to 1080p & have it look worth anything.
Pictures look OK.
Facebook isn't very good with video. Poor codec & bitrates.