New Olympus TG-1iHS 12 MP Waterproof Digital Camera with 4x Optical Zoom
I've been fooling around with one and it's got some good features, burst shoot, fill flash and some special scene settings.
Day-to-day use is EASY too. At $399 it ain't "cheap" but it is solid.
2012 model
http://www.amazon.com/dp/B00803WNOK/...hvptwo=&hvqmt=