You dive in Cebu before
subzero:Jason,
If you like to checkout the diving in Cebu, I'd recommend going to Hilutungan and Nalusuan islands, both are marine sanctuaries. Diving around Mactan island is mediocre at best. For wreck diving, I'd suggest you go to Malapascua. Here's a link that shows the wrecks near the island, http://www.malapascua-diving.com/Malapascua/Wrecks.html
Enrique