Panasonic hot on Canons heels

In our report yesterday on the new Canon PowerShot D10 waterproof camera we speculated that some of the other big names might also try to take a chunk out of Olympus' hold on this market and it seems that Panasonic agreed.

The Panasonic Lumix DMC-FT1 will be available in March and is waterproof to 3m. Suitable for surf and snow photography, the DMC-FT1 boasts 12 megapixel resolution and 4.6x optical zoom, starting from a wide-angle (28mm) lens Leica Variomat lens.

Available in silver, blue and green (and perhaps orange at a later date), we expect this camera to retail at around $650.