The DV cam and battery pack for the bullet cam is stored inside a waterproof bag with some paper to keep the moisture level down. The waterproof bag is inside the drysuit and the cable to the bullet cam is pulled out through the neck seal of the drysuit. The bullet cam is attached to the headband on your head.
I use a 80 min DV tape on long play wich gives me 2 hours of recording. Once the bag is inside the drysuit the DV cam has to be switched on and recording turned on. There are water proof lanc controllers that can turn on/off the recording while the DV-cam is inside the bag, but I haven't bought one yet.
The material is edited using Vegas studio and compressed to windows media video 9 wich gives you about 70 kbytes/sec of data for a PAL DV (720x576; 25,000 fps).
You need a DV cam with analog in and a weather proof bullet cam with a wide angle lens to capture more of the boat.