Wow danielg! You have convinced me to get the S2 IS in replace of my broken Olympus SP 500. Have you tried to take any water drop photos with it yet?
Here's one when I was up at North Lake Tahoe.
Brian C. Racine
Canon 40D | 24-70mm f/2.8L | 50mm f/1.4 USM | 28-135mm f/3.5-5.6 IS USM | BG-E2 Grip | 580EX II
Galen Rowell Graduated Neutral Density Filters