Think AR.Drone for the water and you've got a fair description of Ziphius - a Kickstarter project out of the Azores.

Think AR.Drone for the water and you've got a fair description of Ziphius - a Kickstarter project out of the Azores. It does not dive, but does have a camera that can rotate between above and below water, and it has a top speed of an amazing 6mph! And it streams 720p in real time to a controlling tablet.

We're backing two!
http://www.kickstarter.com/projects/ziphius/ziphius-the-aquatic-drone

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