The japanese company Inon just announced a new waterhousing for the [shoplink 14828]Panasonic GF1[/shoplink]. It has a corrosion-resistant aluminum alloy body (diving limit is 75m). You can use the Inon compatible flash (Z-240, D-Series 2000, S-2000, D-series 180, Z-220 series). And all Panasonic lenses are supported. The full kit price (with grip and lights) is $2,200!
Source: DC.watch

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Panasonic and Olympus need to get more 3rd party accessories/software companies on board for things like battery grips, underwater housing, tethered shooting etc
This way too cool to be used only under water. I wonder if there is tripod slate with a helmet adapter. LOL :):):)
Just in time for them to discontinue the camera and replace it with a GF3…
You need to look at the pricing you have quoted for the X2 Inon GF1 housing as shown in your picture .
What you have is the INON X2-GF1 housing (list of ~$2200 for housing body and one flat port for 20mm lens). Two if the S2000 listing for ~$450 each. A INON Grip Base (probably a D4) for about $100, plus as INON Arm (probably a DIII) for -$100. INON does offer Lens Ports for all the other GF1 lens but they are expensive.
Here are two links that give you a lot of details on the housing and needed parts.
http://www.seaoptics.com/products/slr/inonX2-GF1.html
http://www.unterwasserkamera.at/shop/catalog/product_info.php?info=p3030_inon-x2-panasonic-gf1-housing.html
YES! Spend a $2,200 for an underwater housing and then replace the GF1 two years later with a new GF4 with a different form factor that does not fit into the housing anymore. Great idea to loose some of this worthless money…
Anyone who goes frequently on scuba diving trips is used to those prices. Scuba diving equipment alone can make it a very expensive hobby.
And so what if the GF-n won’t fit anymore in this housing? a GF1 will remain capable for quite some time!
Yeah, scuba diving is pretty expensive anyway. But there are cheaper underwater photography options than this. I currently have a Canon SD900 point-and-shoot with an underwater housing. Next step is to get a strobe for it. I’m still learning about those.
However, now that I have a G1 with 5 m4/3 lenses, I’ve been drooling over perhaps getting a GF1 body only (maybe used) and an underwater housing for it. The 10Bar housing is about half the price of the Inon. $1070 for a kit with two lens ports.
http://opticaloceansales.com/10bar-underwater-housings/10bar-gf-1-housing-2-port-pkg-/prod_370.html
An even cheaper m4/3 option would be an Olympus E-PL1 with the Olympus PT-EP01 Housing. Only $529 at Amazon currently. It has a fixed lens port though, from what I can tell.
I’d prefer to stick with Panasonic. But still too much money to spend right now. I’ll probably just get a strobe to use with the Canon for now.