Meet the RICOH WG-5GPS: a tough 16 MP camera designed to survive water, accidental drops, and cold weather. It is waterproof to a depth of 14 meters. It is designed to survive drops from 2.2 meters. It offers a cold performance of -10℃. The camera offers 1080p video recording capability with dual image stabilization. It has a 3″ LCD monitor. The built-in GPS unit lets you log your position while recording.
This little camera is waterproof, shockproof, dustproof, freezeproof, and crushproof. It has various modes to let you shoot video underwater and outside. Not too expensive either.