Alveopora and Fox Coral.
Camera: Panasonic Lumix DMC-TS1
Review:
http://www.imaging-resource.com/PRODS/TS1/TS1A.HTM
I decided to buy a waterproof camera after my previous camera got destroyed when water seeped into the underwater camera case while snorkeling last year. Will post some underwater pics in a few weeks.
EDIT: OOps, please move to the Pictures Forum.