The project is called Submersible Capable of Under Ice Navigation and Imaging or SCINI. Here is their website:
http://scini.mlml.calstate.edu/
I've seen pictures of stuff at 195m, on that page above, not sure where that critter in the picture is though.
Very cool stuff. And no, no warranty, we donated the first batch, and they paid for 3 during their initial test (read screw-ups) :)
Thomas Porfert
Castle Tech Support