My wife and I currently shoot underwater with an Olympus C4040 and a now-ancient Olympus D-400z (1 MP), the latter which we've been using underwater since early 1999. I'm looking at finally upgrading the D-400 with something less than three generations old ... 
The D-400 worked great underwater, the only key hindrance was the sliding lens cover, which had to be slid open before closing up the housing. This usually meant opening up the housing to power on just before the first dive, and then again before a 2nd dive to change batteries. I was always a bit uneasy opening up the case on the dive boat, though never had any problems even with occasional drops of water splashing on the inside of the housing. There was a powersave mode that hibernated the LCD and camera after a few minutes inactivity, however this also resulted in being slow on the draw because it would take about 5-10 seconds to get it active again for a sudden shot opportunity.
I'm looking a the entire range (A, S, SD) of compact Canon's for a replacement, but am concerned about the S-series having these same sliding lens covers. From the number of people using this series on the forum, it seems that it is a non-issue these days. Is that correct, or are there still techniques that must be used for battery conservation and shot optimization?

The D-400 worked great underwater, the only key hindrance was the sliding lens cover, which had to be slid open before closing up the housing. This usually meant opening up the housing to power on just before the first dive, and then again before a 2nd dive to change batteries. I was always a bit uneasy opening up the case on the dive boat, though never had any problems even with occasional drops of water splashing on the inside of the housing. There was a powersave mode that hibernated the LCD and camera after a few minutes inactivity, however this also resulted in being slow on the draw because it would take about 5-10 seconds to get it active again for a sudden shot opportunity.
I'm looking a the entire range (A, S, SD) of compact Canon's for a replacement, but am concerned about the S-series having these same sliding lens covers. From the number of people using this series on the forum, it seems that it is a non-issue these days. Is that correct, or are there still techniques that must be used for battery conservation and shot optimization?