I've been looking at buying one of these cameras for a while now and with the 20% off deal I couldn't hold back any longer. The cheapest you can buy locally is $434 from Digital Camera Warehouse.
This camera was given a Gold Award on DPReview - DPReview
Referee: $10 off 1st purchase.
Referrer: $10/$20/$30 off $100/$150/$250 Spend.
Currently $499 at JB's, so if they happen to have a 15% off sale that only brings the price down to $424.25 Vs $348 via eBay if your CashRewards goes through. Given the falling aussie dollar it's not likely to drop in price any time soon.
As for them leaking, I don't think it happens anymore with Olmpus cameras than other waterproof cameras. I think most of the time it comes down to user error and not keeping the seals clean and free of damage.
Love this camera, have one in a case for diving and it takes some amazing photos
Just bought one as Hardly Normals has it for $425 currently
These tough cameras do tend to leak and buying local would be recommended.
Usually goes for 380 with JBs 15% sale.