Yikes! I stuck a digital camera in the water today for the first time! What a weird experience. Of course the camera was purchased just for that reason, it's the new waterproof Pentax Optio W60 p+s. My intention is to take it out and about while fishing and not have to worry about it getting wet.
This is really my first contemporary point and shoot. I am now completely humbled by the examples shown in this and other threads that were taken with small sensor cameras. I have a new appreciation for the skill you've all shown with these little miracles of modern technology.
Here are a few first shots with the thing right out of lightroom (the Pentax software is like something from 1983). The first is just immersing the camera below the surface of my little pond.