I've fished off a boat with Ed when he was using this camera. I'd like to give my 0.02 plus add a few comments which Ed did not mention. ( I have NO affiliation to the product at all.)
PRO's
Waterproof to 3m out of the box without the need to a housing. Good when we can expect it to get wet.
WiFi enabled - can control camera & download content from your Android Mobile or iPhone.
Built-in colour screen with audio so you can check that you have it setup correctly and can immediately view directly on the camera what you have recorded.
Screen & lens is Corning Gorilla Glass, which is highly scratch resistant (same as what you would find on your older generation Samsung or iPhone mobile screen - current mobiles use GG2)
LONG battery life (which is GREAT for fishing, since you don't know when the action will be happening).
The shoulder mount is definitely better than the normal chest mount on other camera's, especially for fly-fishing.
The FLASHBACK ability to save to disk what has already happened in the past is ESSENTIAL for fishing, again since you don't know when the action will be happening.
CON
Only one that comes to mind for me is that HD is 30 frames per second (fps) versus 60fps for it's rivals. Now the human eye see's ~24fps, which is why TV is usually 25fps, so you won't notice any judder in normal speed viewing. BUT if you want to do very high-speed action or nice slo-mo video, then you would want 60fps, but for fly-fishing 30fps is likely to be perfectly sufficient.
IMHO - for *fly-fishing* applications, the Drift HD Ghost thus has a number of advantages over it's competition, with limited down side.
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