I've briefly reported on it on
another thread, but here it is again:
£50 for a 5M pixel camera with waterproof enclosure, 2" screen 1280 x 720 @ 30fps or 640 X 480 @ 60fps, touch-screen to activate setting, and 4X digital zoom, sounds good, but I had big problems getting it to accept the memory card. The HD setting has good definition, but is a bit jerky with frame rate (this may be my PC's fault). 640 x 480 is smoother motion, but blockier pixel wise. Quality of the camera seems cheap - like the Muvi copies from a few years ago. The waterproof case seems well built but I haven't tested it's waterpoofness-ness yet.
I suspect the Rollei name has been bought up by a Chinese manufacturer (presumably now pronounced "Lorry").
It's worth the £50 but it ain't a match for the Go-pro market.