Best Buy has the refurbished Olympus Tough TG-310 14 MP Digital Camera (Blue) for $70 with free shipping. Features water resistance to 10 feet.
14MP, 3.6x wide angle zoom, image stabilization
2.7" LCD, 720p video, 3D photos, Wi-Fi, Li-ion
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This might be the best waterproof cam you can get below $100. Video is smooth and picture quality is decent. It doesn't do anything to "de-blue" underwater pics but you can 'shop them later. I had one that worked well until I took it below 10' and replaced with another from Ebay.