Ricoh will announce a new WG-70 waterproof shockproof compact camera (replacement for the current WG-60 model). The only improvement from the WG-60 seems to be a new “image cross-processing”. The retail price in Japan is around 35,800 yen including tax. The new camera is expected to be released in mid-March.
Source: Nokishita, via PentaxRumors