The XP120 only shoot JPG files, no RAW (bummer). looking at DPReview.com's camera feature search, only the Nikon 1 AW, Olympus TG-4 or 5, and one Leica offer the abilty to be submerged in water AND shoot RAW. XP120 is a lot cheaper that any of those, which is the right price for adventures where staying afloat is priority one. The XP120 does have a nice selection of sceen modes and a few film simulations. Still need to play around with those.