I think this is relevant. New pricing on Olympus pt-epl1 and E-pl1 itself. UW case is now $470 and E-pl1 can be had for $400.00 on sale. This is getting into point and shoot territory. It is possible to assemble an E-pl1, Oly UW case, UFL-1 stobe, short arm, fiber optic cable, focus light, zoom...