Well, as usual, Warhammer the Inquisitive beat me to the punch with the POD! But note the price tag: $500.00! I have not read about too many scuba divers being attacked by sharks--mostly swimmers and surfers. I have heard all the theories, but have never inteviewed a shark.
The one thing most agree on is that if you are spearfishing, you are at higher risk of getting "sniffed" by a shark. So, I tend not to hang around spearfishers! I have been on lots of dives with sharks and have been close enough to have been bumped: and I still have all appendages in working order! So, I not sure why one would need a POD for ordinary diving...
The POD does work, though. Sharks have very sensative electrical field detectors--little sensors all around the snout area--and that is their main method of detecting prey. Nurse sharks can detect fish below the surface of the sand (as much as 1-2 feet, I have read) using these field detectors. The POD sends out a signal that bothers the shark--kinda like chalk screeching on a blackboard--and the shark shys away from the source. I have seen it work and it is very impressive. Not sure I would venture outside a cage to swim with great whites, though, if I were wearing one.
Joewr