I will guarantee that 99% of shooters won't be happy with a camera that doesn't have manual control after a very short while. For appoximately the same money why not go with a Canon A570 and housing:
Amazon.com: Canon PowerShot A570IS 7.1MP Digital Camera with 4x Optical Image Stabilized Zoom: Electronics
Amazon.com: Canon PowerShot A570IS 7.1MP Digital Camera with 4x Optical Image Stabilized Zoom: Electronics
There are auto settings for newbies and manual control for when you gain a little more experience. Pop it out of the case and you have a nice topside camera. Even add an external strobe and wetmate lenses at a later time. This camera will grow with you.
Dave