Doug, thank you for that very clear description of the design changes on the Omega 3, all of which (including the swivel) appear to have a specific purpose of making the reg even better than the Omega 2 and eliminating the "wet" breathing issue. By the way, although I experienced that issue, it really was not an "issue" in terms of water actually being inhaled or anything remotely like that and was more than made up for by the superior breathing. Still, this new design sounds like something really excellent, and the larger exhaust which extends below the housing will allow water to drain on each exhale and should be a dry breather.
Will the adapter still retain the swivel, and allow it to be used on standard hoses? Alternatively, would you make a 7' hose available with the swivel?
Finally, can you go into why the Hollis design adopted the different approach of separate inhalation diaphragms and exhaust valves, with different locations, as discussed in my post above?
Thank again for the response.