Can it video tap?
There is no view finder to split the image from. You can set the lcd display to never time out during video mode. Might be the closest you can get to a video tap.
Yes it shoots great video. Be sure to get the underwater red lens for best video. And the flashlight shown in the photo is the brightest light I've ever seen, it's fantastic.
This camera is 100 times better than GoPro because it has several controls on the camera housing that let you operate all camera functions AND you can see what you are shooting in the color LCD screen on the back of the camera. On the GoPro you just have to point and pray that you're pointing it in the right direction... but not with this camera... you can see what you're shooting.
Get this camera and you won't be sorry!