One camera comes to mind:

The Olympus Stylus 300

A rugged small camera that is also waterproof.
You can't go scuba diving with it, but it keeps out moisture. It has a sliding cover to protect the lens when not being used.

It sells for $250 at newegg.com

A review can be found here:

http://www.steves-digicams.com/2003_reviews/stylus300.html

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