Olympus Tough TG-1 Digital Camera Review$399.99
The Olympus TG-1 handles noise very well. The 12-megapixel BSI CMOS sensor seems to produce clean images to start with, and the noise reduction algorithm is clever, smoothing out graininess without ripping away much detail. The noise-to-signal ratio stays under 1% through ISO 400, and stays at a reasonable 1.6% at ISO 1600. More on how we test noise.
Native ISO starts at 100 and extends through 6400, user-adjustable in full stops. There's an Auto ISO mode, which seems to cap sensitivity at ISO 1600, as well as a High ISO auto mode, which opens up the full sensitivity range.