Hi, I have the quite similar MJU725SW, which can go down to 5 meters. (i.e. bottom of the pool not for outdoor/deeper usage). It's a very handy camera indeed though I can not fully advice it. For pool-usage (dynamics technique for instance) the lens doesn't offer enough wide coverage so you have to get more distance (so more floating particles and less light) between you and the subject.
The video's are 16 instead of 25fps, color balance is not selectable for video's, zooming is not possible during filming (only before and after). The pictures are quite soft and less saturated than most would like from a consumer camera. (postprocessing each picture becomes a drag quickly). The camera should IMO not be equiped with this 7.1MP sensor, but with a higher quality 5-6MP sensor which would hopefully also have less noise in low-light situations.
On the other hand it is lots of fun throwing the camera in the pool to a buddy. Woke him up very quickly! ;-)
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