My wife used a Pentax Optio 43wr for years, and despite being the oldest model - just 4mp - it took the best pix - used 2 AA batteries and had a viewfinder! It finally died, and was replaced by a WPi that worked well, but was ripped off from my car. I now have a Pentax Optio W90, which is a decent point and shoot. As someone else noted, it doesn't do well in auto mode in tricky lighting situations - and I really, really wish it had a screen grid to help keep horizons straight - apart from that, it's been a trooper...
BTW - the next manufacturer to bring out an AA battery-using waterproof with a viewfinder will have one guaranteed sale...
Kayak Carrier Kits
YakCatcher Rod Holder
Pull-Up Strap Handle Kit
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