Olympus has announced the TG-2 iHS, its new flagship TOUGH series waterproof compact camera. This update to the TG-1 model is waterproof up to 15m (50 feet), has a 12MP CMOS sensor and a 4x optical zoom lens with a maximum aperture of F2.0. Further rounding out the specifications are a 3-inch OLED rear display, built-in GPS and elevation recording and 1920 x 1080 video output. The TG-2 iHS will be available in March in both red and black versions for US $ 379.99.
News: Digital Photography Review (dpreview.com)