Which housing, camera or combo?

[scubaguy655]

Olympus C5050 description as follows:

# Key Features:
# 5.2 Megapixel resolution (5.2 Gross/5.0 Effective), image resolution of 2560 x 1920
# 10x total zoom (3x optical + 3.3x digital)
# 1.8” LCD screen
# TIFF, JPEG, MOV (movie) and WAV (sound) formats
# QuickTime movie mode with sound
# Eleven Shooting modes include Automatic, Shutter Priority, Aperture Priority and Manual Exposure controls
# Auto Connect USB interface for easy connection to a computer for downloading your images from a SmartMedia card
# All-metal body and stylish, compact design
# Six selectable scene programs and a customizable My Mode
# Black and White, Sepia, and Resize image editing effects
# All-Magnesium body provides durability and a solid, comfortable feel
# Three "Scene Program" modes for easy setup when shooting in Sports, Night scene, Portrait and Landscape mode
# Supports various removable media: SmartMedia, xD Picture Card, CompactFlash and 512MB/1GB IBM Microdrives
# TTL hot shoe for FL-40 flash
# Noise Reduction technology for beautiful image quality with slow shutter speeds
# Both Optical and LCD viewfinders in a compact body

I suggest doing a search on Ebay for "Olympus 5050".

 

[Just Phish]

OK why does it seem that so many favor the 5050 camera for underwater photography? Since I don't have much to invest in a strobe and probably won't for some time, how does it do with low light conditions? Diving in new england doesn't exactly let you see forever.

Thanks.