“The Panasonic Lumix FT20 offers excellent value for money as one of the cheapest waterproof cameras.“
ePHOTOzine has posted their review of the Panasonic Lumix DMC-TS20, a "tough" waterproof (5m/16ft), shockproof (1.5m/5ft), dustptoof and freezeproof (-10ºC/14ºF) ultra compact with 16.1MP resolution (1/2.33-in. CCD), 4.0x ultra wide-angle optical zoom (25-100mm equiv.), optical image stabilization, 2.7-in. LCD (230k-dot), Intelligent AUTO (iA), Scene modes, Panorama Shot, Auto Retouch, and HD 720p movie (1280×720) @ 30fps with monaural sound.
Read the Panasonic TS20 / FT20 Review @ ePHOTOzine.