Buy.com with FireMall has the Panasonic Lumix DMC-TS10 14.1MP Digital Camera for $180 with free shipping. Purports to be waterproof, freezeproof, dustproof, and shockproof.
14.1 effective megapixels, 4x optical zoom, 720p video recording
2.7" LCD viewfinder, Intelligent Scene Selector, MEGA O.I.S.
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I have the first version of this camera which I have brought everywhere with me. I dropped it multiple times, brought it in multiple oceans and it is still working just as well as the first day I got it!