I use an 8GB SDHC card (Class 6) in my A570IS.
I really like my A570IS. It's small, inexpensive, has manual controls, and uses regular AA batteries. I recommend using the CHDK hack designed for this model. It unlocks a lot of neat features on the camera, although shooting in RAW does cause a significant delay while the camera writes to the card.
I own both the Ikelite and Canon UW housings for this camera. The lens port on the Ikelite casts a shadow on macro-shots if the camera's internal flash is used...so it's best to use the Ikelite housing with an external strobe. This isn't an issue with the Canon UW housing.
I'd recommend purchasing a backup on Ebay. They tend to sell for $50-$100 there.