I was looking at the Olympus 1030 SW earlier this Spring and figured that was gonna be it for me - then went to B&H Photo and found it has been discontinued...
Looks like it's been replaced by the Tough series...but at $400+ I'm already halfway home to a Nikon D90, which is compatible with all my old Nikkor lenses...
I was actually going to order an Olympus today - I like B&H in NY, used to buy all my film (hey - anybody remember film...

...) and Hassy stuff from them...I dunno, just looking for a point and shoot right now, water & weatherproof...
One way or another, I'm gonna drag myself kicking and screaming into the 21st Century at some point this afternoon
Maybe the 770 is the way to go...I'll have to price one out...