The Olympus Stylus 760 is a great choice if you just want a small, light, weather-resistant camera, but it’s not the fastest camera on the block. It’s not completely waterproof, though, and probably won’t survive being submerged in water. If you really need a submersible camera, you should consider the Stylus 760’s significantly sturdier and more expensive bigger brother, the Stylus 770SW. Olympus’ Dual Image Stabilization provides a powerful 2-in-1 anti-blur solution. Sensor-Shift Image Stabilization compensates for camera shake and Digital Image Stabilization freezes action with high ISO sensitivity and fast shutter speed.

CNET recently reviewed the 760 and rated it 7.0 out of 10 or Very Good! They went on to say-

"Though its images aren’t perfect and it’s a bit sluggish, the Olympus Stylus 760 is still a good compact camera. Its light, pocketable design and logical, simple features make it a fine choice for anyone who wants a small camera he or she can take nearly anywhere."

Olympus Stylus 760 7.1MP Digital Camera with Dual Image Stabilized 3x Optical Zoom (Pink)

Don’t worry, you don’t have to get it in pink, silver and black are also available!

Featuring
7.1-megapixel CCD captures enough detail for photo-quality 15 x 20-inch prints
3x optical zoom with Dual Image Stabilization Modes
2.5-inch wide-view LCD screen with Backlight Boost button
Bright Capture technology for low-light photography and image viewing
All-weather design protects against rain, sleet, and snow

Suggested Accessories
Olympus PT-036 Underwater Housing for Stylus 760
Tiffen Traveler Tripod
Olympus D7AC 110V AC Adapter for Various Olympus Digital Cameras
Sunpak 2002 Pocket Tripod
Lowepro D-Pods 20 Pouch for a Large Digital or 35mm Camera, Black.

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Read the review of the Olympus 760