I've got an Olympus 1030 sw.
Got some great underwater, both saltwater and freshwater shots with this camera.
It's been dropped but not abused.
I carry it with me but usually carry another non waterproof camera with me when hiking and hunting as well.
I like to be able to pull the camera out and shoot at a moments notice. The focus when set on auto has somewhat of a "lag" in the focus, which wont allow proper focus for action shots.
Also it will not completely focus on something unless you have a rock solid rest. As I said this happens while in the auto mode. If you have the time or desire to set the exposure, etc. I'm sure you will get good photos as I have.
As far as a point and shoot I would give it a 7 simply for that reason alone. I'll dig up a few photos and post them so you can see the quality.