With the Olympics in full-swing, and the watersports getting so intense that both balls and boobs are flying (NSFW link), there was no better time for H2O Audio to unveil their new AMPHIBX watersports armband. According to a recent press release, it provides 100% waterproof protection up to depths of 12 feet for both the original iPhone and the 3G version as well as almost every iPod, MP3 player and mobile phone under the sun.
A ClearTouch window allows the user to freely operate the device underwater and it is buoyant enough to float to the surface when a device is inside. The armband is retailing at US$70 and US$80 for medium and large sizes respectively, and a companion set of headphones dubbed "Surge" is also available for an additional US$60. [H2O Audio via Coolest Gadgets]