Another person claiming it exists
I received another email from someone claiming Canon will in fact launch a waterproof/shockproof camera for PMA.
3.5x Zoom (35-122)
Waterproof to 8 meters
Drop resistant to 6 feet
This camera concept seems like a no brainer for Canon. Olympus has proven there is a market, time to steal some back. Still take this with a grain of salt, I've received nothing solid from regularly good sources.