I got my SL4 back in February; it worked fine for a while but now it just doesn't work anymore. It's fine above water and when I submerge it at home it's fine but when I go diving with it, it gets weaker and weaker as I go down until it just fades altogether. Must be something to do with pressure? It's not leaking; dry as a bone and working fine again afterwards.
Question: you say you "got it back". Did you send it in for repairs? If it hasn't worked properly since then, why not send it back?
Sounds like it is not maintaing proper contact with the batteries. Check to make sure nothing is bent inside. Also, you might try cleaning the contacts with a pencil eraser. Yes, it DOES work!
~SubMariner~