Thanks for your report Aaron. I have had my eye on the GoPro but the Countour HD does seem to be a better camera for fishing videos. I currently use a Creative HD which is cheap, fits in the shirt pocket, takes good videos, and also has an underwater case available (I have not tried underwater).
The lens is not wide angle enough for my liking though as I have to position the camera 5 or 6 feet away and then the microphone doesn't pick up the sound very well.