I too am interested in a similar product.  Waterproof, shockproof, even a little freezeproof would be nice.

Other desired features:
- Unlimited shutter speed, I want to be able to open the shutter, walk away, and have it stay open until I close it.
- Burst Mode, so many good wildlife shots are that one in a series of 4 or 5 burst shots.
- Silent.  I've seen way too many cameras that don't have a true silent option.  Don't ever make a noise.
- Tripod nut in line with the lens.  Too many cameras do not have this basic requirement.
- Not tiny.  Those little cameras take great shots of my finger.  Give me room to hold the camera and not have my finger cutting off the lens.
- Macro Mode, pretty sure all cameras have this.


From what I've seen, these options are only available to snapshot cameras.  Limited zoom, digital zoom is not my preference & I can do this better at home.