It records 1080p video at 120 frames per second and also embeds speed, elevation and distance thanks to its built-in GPS receiver. With a waterproof case and a 4GB SD card as well as a Bluetooth connectivity to your smartphone (used as a remote viewfinder), this seems the perfect action-piece.
Link: Contour+2 Action Camera Packs HD Video, Live Streaming Into $400 Package | TechCrunch.