Rating: 2 / 5
The new (in the US, at least) Panasonic Lumix DMC-TS1 (http://tinyurl.com/dat2zv) is billed as a 'shockproof, waterproof, point-and-shoot camera' and on those two points it does meet expectations. It seems quite durable, though I didn't stress test it in either regard, the construction quality is very high. The camera is hefty for its size, but not overly so, and it fit nicely in the hip pocket of my pack.
However, I cannot recommend it highly on account of the poor picture quality. Even for a P&S camera, the lens has considerable drop-off at the edges, and loses sharpness rapidly as you get away from the center - less than desirable in wide-angle landscapes, and the camera seems to have a tremendously difficult time focusing when the lens is zoomed in, even slightly, and even in very good light. The lens also exhibits a lot of lens flare, and if the background is fairly bright, there's a significant loss of contrast and glare on the subjects.
The picture quality improves considerably with flash exposures, though the range of the flash is quite limited, and the final product still leaves a lot to be desired.
Overall, I think they spent too much time focusing on the camera's abilities underwater, and as a result the overall picture quality suffered considerably. You could get better pictures for half the money out of almost any P&S digital on the market, so you're paying a huge premium for the "shock and water resistance" of this particular model.