Panasonic's new Lumix DMC-FT1 camera is a waterproof, rugged machine with a 12 megapixel 1/2.33-inch sensor, 28-128mm Leica lens with 4.6x optical zoom, and the ability to record 720p high-def video, albeit in a highly-compressed version of the AVCHD format. It can cope with 5 ft drops and submersion in up to 3 meters of water.
What I like about it is the look of solidity, and the bright metallic colors. Check out the blue:
Not cornflower. It also comes in green, according to the leaked PDF. But again, it is an unpleasant one: olive drab.
Also announced were various spec bumps across the existing lineup.