I bought this camera mostly for on travel.
But it is just real goood
720 HD. wich works real good, it gives a really good picture. As it says it is indeed waterproof. (for 1 hour at 1.5M atleast :-D).
Very nice color when lighting is good.
But when you go above ISO 200 it gets grainy and a lot of loss of quality.
See here for a a small test video: http://vimeo.com/19356999)
It is small and perfect.
But because it's small it has sometimes shaky pictures