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Keep an eye on Costco
Picked up the Fuji XP20 for 140 bucks with a coupon a couple months ago. I like it, but I always tape the battery compartment shut, since I read a couple horror stories of surfers springing the trigger latch, and it is bit touchy. Realizing that sitting in a yak isn't typically going to involve as much flailing as swimming with the camera hanging off your neck or wrist. So far, so good, though I've yet to take it snorkeling to test its underwater photo and video capabilities.
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