From what I know about underwater photography, if you want something with DSLR quality you're going to be looking at about $1500 without the camera (for a proper underwater housing and a flash). I think that Olympus sells underwater cases for their underwater cameras (as the high-end one goes to 30 feet max unassisted). They have flashes as well for the set up. Might run you between $600-800 when you're finished but might be something to look into. This is a point-and-shoot cam as well, so remember that when you're worried about picture quality.
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