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.

You are correct, my bad, I didn't look at the model number on the camera.

1030 is where I think I'll spend my money. Thanks for the helpful info. I might've jumped on the 1050 had I not read the rest of this thread.

I was down there earlier today (I guess that's officially y'day now) and could NOT pass up the price of $230 for the cam, free 1GB memory card, plus carrying case. I paid about twice that for my old cam/card(s).

The sensor on my Pentax OPTIO 43WR is finally giving me fits, so I picked up the Olympus 1050SW at Costco out of impulse as much as need. Besides I got a great first subject to give it a test drive.

Hope that doesn't sound hypocritical if I steered you away from this camera, Jack. I just figured with Costco's bullet-proof return policy, I've got nothing to lose over the next 90-days except a quick trip back to the customer service line.

We shall see.....

Lemme know how you like it.

So far the only downsides that are apparent to me are:

1) Size/shape - Pretty small... just feels a little awkward in my hands compared to my old Klondike bar. I got small hands... must be tougher for dudes with big paws.

2) Speed - Noticeably more delay from when I press the shutter button vs when the thing actually takes the pic.

Will post some pics tonight.