Waterproof Flashlight with Video Camera Anyone?

Here is something multi-functional you may find handy for certain rugged activities. It is supposedly a waterproof flashlight which has a video camera. It can record videos in VGA quality and includes a 4GB internal drive.
Other features of this waterproof video camera include a USB port, rechargeable battery, and a 1W LED flashlight. It retails for about $192.99. Check out the video for a demo.