For reasons unknown, Tokyo-based accessory maker Thanko keeps churning out “spy” gadgets. This time we get a watch [JP] that looks quite bland from the outside but features a micro camera that can shoot both pictures and video. Another selling point is that it’s Thanko’s first spy watch that’s waterproof (IPX8 certification) – isn’t that great?

Videos can be recorded in 640×480 resolution at 30fps, while the watch shoots JPEGs in up to 1,600×1,200 resolution. Other features include 4GB of internal memory, a USB port, and compatibility to computers with Windows XP / Vista / 7 / Mac OS 10.5 on board.

The watch, which weighs 86g, can be ordered over at Geek Stuff 4 U for $158.95.

Here’s a video that was shot with it: