Yup, it's waterproof. To 33 feet. It's also drop-proof, crushproof and freezeproof. I've had this one less than a week and its been skiing on a powder day and salt water snorkeling. And yes, it still works

Olympus Stylus Tough-8010 Announcement >>
Outdoor & Waterproof Digital Camera Guide >>

This photo was taken with the Olympus E-PL1 Micro Four Thirds camera.