I have a WPi and love it for pocket use. Also underwater use... the movies even have sound underwater... cool!
Yes, mine has flodded before, 2 times to be exact. However 1st time (the worst) was due to a friend hitting open the batt compartment (dont ask me how on this one) The second time I don't know what happened. Both times I opened it up, dried it out, and it worked fine. Only problem is 2 internal spots on the lens, but they only show ocasionaly..
The camera is tough, I love it. Perfect for bar-hopping or what ever.
Image quality is not tops, but hey... I can go underwater with it
COOL!
I am planning on getting the new W20 soon. I want ISO 1600 manily (yes I know noisey, but I dont care. I want the shot sometimes w/out flash and a ripod)