You have not mentioned what price range you are looking for so i got a list of all the bestselling waterproof cameras:
http://www.amazon.com/gp/search/ref=sr_nr_p_36_5?bbn=172282&keywords=camcorder&sort=popular-srp-rank&qid=1329228157&rh=n%3A172282%2Ck%3Acamcorder&rnid=386442011&low-price=200&high-price=300&x=6&y=8#/ref=sr_kk_3?rh=i%3Aelectronics%2Ck%3Awaterproof+digital+camera&keywords=waterproof+digital+camera&ie=UTF8&qid=1329229414&tag=faumioe-20
Among these is the Canon PowerShot D10 12.1 MP Waterproof Digital Camera with 3x Optical Image Stabilized Zoom and 2.5-Inch LCD. I would recomend this. Features are:
12.1-megapixel CCD captures enough detail for photo-quality poster-size prints
Waterproof to 33 feet, cold resistant from 14-104 degrees (F) and shockproof up to 4 feet
DIGIC 4 Image Processor; evolved Face Detection Technology plus Face Detection Self-timer
Smart AUTO intelligently selects the proper settings
Compatible with SD/SDHC, MMC/MMC Plus/HC MMC Plus
http://www.amazon.com/Canon-PowerShot-D10-Waterproof-Stabilized/dp/B001SER460/ref=sr_1_7?s=electronics&ie=UTF8&qid=1329229420&sr=1-7&tag=faumioe-20
I also found a very helpfull review:
http://www.amazon.com/review/R22DPPKDCL17MT/ref=cm_cr_pr_perm?ie=UTF8&ASIN=B001SER460&nodeID=&linkCode=&tag=faumioe-20