BuyDig offers the Pentax Optio WG-1 14-Megapixel Waterproof Digital Camera in Black, model no. 16926, for $170. Coupon code "CYASUMMERBG5" cuts it to $165. With free shipping, that's a buck under last week's mention and the lowest total price we could find by $14, outside of the price below. Features include a 2.7" LCD, 720p video capture at 30fps, 5x optical zoom, water resistance to 33 feet, 97MB internal memory, SDHC slot, USB connectivity, HDMI output, and more.

A close price: Portable Guy via Amazon has it for $165.60 with free shipping.