Great point and shoot camera in shallow water. The 12 megapixels can pick up a lot of detail and the quick focus option allows you to capture those pesky skittish fish more easily. i've not used it with strobes or at depth over about 10m yet but it has a very large sensor and i've found it to be very good in low light topside. I wouldnt use the EXR mode underwater since it is constantly focusing and drains the battery very fast. Batteries seem to last a couple of dives, but have had them run out on me on the second dive a couple of times just when i needed them most so its worth buying a second as a reserve! It has a dedicated underwater mode (In SP mode) which has an automatic white balance and has produced some pleasing pictures so far. You can also set the white balance manually. the housing is easy to use apart from accidentally switching the mode of the camera every now and then. It also has some recently released add ons by Fantasea with a wet wide angle lens and a 64mm adaptor which allows additional wet lenses to be fitted and removed during the dive. I've not tried these out yet but intend to get into them soon. Theres the option of setting your appature (f2.8 or f9 when zoomed all the way out) and shutter speed in the manual mode but this is a bit beyond my abilities at the moment so i cant comment. One thing it doesnt do is shoot in RAW format so if you want to do any advanced editing after the dive this may be a consideration. the JPEG format is good enough for most uses at home or online tho i've found.
Overall a very good, easy to use point and shoot camera for the price with some good underwater accessories. 4.5*'s
I've had my fuji for a about 2 years now and i can honestly say I've pushed its limitations. This is a great intermediate/beginners camera and offers great colour capture and stunning macro shots. The zoom is also pretty good, but the quality suffers the more you use it. in manual mode it offers fast response when altering the shutter speed, and the on screen gauge is very easy to use. however you cannot alter the F spot completely, only giving you the option to set to the highest or the lowest available/programs for the zoom setting you have it on. you cannot manually focus either which has cause me many problems when i need to responce quick to my subject. The auto underwater whit balance true sucks, with all you images coming out blue if you go deeper than 5 metres, but the manual white balance setting does work well, though this is very flaud because you can;t just point a your slate and set the balance, you have to have your shutter speed perfectly matched with your F spot for the camera to even contemplate setting the white balance. this is due to the camera extreme sensitively to exposer. i've only ever use a torch with this camera but its obvious that it would hate strobes. The housings front protection for the lens is square and very long to accommodate the massive zoom this thing has, but having a square housing means you cannot fit most conventional marco/wide angle lenses onto the housing unless you folk out for the extra fitting from fuji which isn't cheap.
This camera offers get picture quality on close up subjects, but unless your taking a photo of a sunset, you can could out getting any good long distance shots. i've dived on wrecks with lighting setups and this camera hated it. it has failed to take a good wreck shot or wide angle shot in the 2 years i've had it. the quality is just shockingly poor.
you can also manually alter the iso which you'll need to get the hang of as the camera has a tenancy to produce have a dive of good shots then the rest rest of the dive with excessive noise. i'm not sure why this is but its becomes annoying quickly.
All in all this camera is very good for learning the basics of F spots, shutter speed and aperture control and i would reckomend it highly for and first time buyers and beginners who just need to get to grips with and underwater camera. But in terms of proffessional use or if your intentions are to spend some money on lenses and strobes, then don't bother. This camera is badly flaud in three BIG ways:
The housing has and in build defuser which you can't remove. A big white square of disaster the just loves to create a nice square shadow on any subject with the light to the right of it.
Its impossible to attach lenses to the housing without buying fuji's own "fuji compatible" lenses
and by the time you've manually set your white balance (which you need to do because the auto sucks) that pod of Whales you've waited your whole life to see would have swam off, leaving you asking "why didn't i just save for a DSLR?"
if you'd like to see the quality of shots produced, please feel free to look at my gallery as I have so far only used this camera, but i'm now saving for a new camera :)