This thread may be what pushes me over that edge to finally commit to getting a "real" camera and putting some effort into photography. I've been on that edge for at least 5 years.
Here's a few fun pics I've shot, all with a cheap "point and shoot" $125 used Canon SD600. These are by no means incredible or awesome or even all that good, but I thought I'd point out that photography can be a lot of fun even with out all the bells and whistles. You simply can't beat the images in terms of color and contrast and depth that you see from the guys with the real guns and glass, but you can still have fun with composition and capturing images.
Shot at midnight on Christmas Eve. Grandpa's actual picture he took is right below...
I found it amazing how the coastline could be so lonely...not a soul in sight.
Believe it or not, I shot this handheld...
This was a panarama of four images stitched together. Just another fun little feature. Incidently, the far left image was completely unrelated to the "pan" and came from a different spot on the lighthouse, if you look close enough you'll see a lot of the "photoshopping"
One feature I've never ever used and probably never ever will use again...the in-camera color scenes. I would just prefer to touch up photos after the fact with photoshop, rather than spoil the raw photo. But this scene was perfect to try it out and it worked pretty well (for the camera feature that is.)
And finally just to illustrate how much fun you can have with an underwater housing and the unique memories you'll save, especially if you have kids.