I started with one of the first digital reefmasters. I was not happy with the 1.5 mb pix it took. I then moved on to the Canon A95 with the Canon housing. What a difference in digital camera technology. I was very happy. Simple, easy and low cost. Just what a begginer needs. Now I have a Olympus E-PL1 with the OLY housing. Obviously I am progressing with the cost of my toys (maybe not with the quality of shot). I am very happy with my new purchase. So I feel the correct answer is both. I think it is very wise to use the point and shoot as the entry level and the DSLR as the experienced level. Unless you are in a money is no option kinda place, it can really hurt to drown a DSLR vs a point and shoot because of inexperience. It can also really hurt to have a couple of grand tied into a DSLR and find out you do not like to take pix underwater. In the time it takes to wear out a point and shoot (say 3 years) you should have a real good idea of the level you want to shoot at. Choice is good
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