Originally Posted By: Katmai Guy

The Olympus 1030 is waterproof to 10' and the 1050 is waterproof to 33'.


You have that reversed... the 1030 is definitely the more rugged of the two, including the ability to withstand greater depths underwater.

The 1050 is the slimmer sleeker gimmicky version.... "chic new design". Now that I've read the info on their website, the unique feature on the 1050 is the TAP system where you can perform key functions by grossly tapping the sides of the camera instead having to precisely press a button with a fingertip... makes it easier to take pics without having to remove bulky gloves, say on the ski slopes.
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