Man, this thing is going in a lot of directions. 
So this thing will end up having an inferior wideangle coverage vs the Inon lens + dome, and will also loss the flexiblilty of switching between WA and macro during a dive that Jeff mentioned.
Even worse, the PT-020 w/ wide port will have inferior coverage to the Inon UWL-100 ALONE, not to mention the addition of the dome port.
I don't understand if the negatives with the 5060 are associated with the PT housing setup or the camera itself.
While the "ANNOUNCED" version of the PT-020 has its holes (namely the Wide Ports Flat front port) the C-5060 will be a bugger to get wide with, due to its new camera lens.
As James said, at full wide (27mm equivalent) the camera vignettes because the UWL-100 was designed for a 32-35mm wide end.
At 35mm, the lens will still vignette, since the front elelement moves back into the camera to achieve this focal length, causing a distance between the front element of the 5060 and the rear element of the UWL-100. This is just like holding your UWL-100 up infront of your 5050, and moving it 1" away from the camera's lens. You'll see exactly what happens with the 5060, ie the vignette increses.
These combinations force you to zoom in even further than 35mm equivalent, and this is where you reduce the effectiveness of the lens.
If I wanted to, I could also mount a mid range zoom like the 24-85 AFS and then use an add-on wideangle lens like Fathom or Amphibico make. Yes, I'm not joking - I could do it and the lenses are there... No one would do it though, because while versatile, add-on lenses are a poor compromise that quality.
This is a bad comparison. A P&S is more versatile in the types of images it can aquire, from SM to 130 degree WA. The add on optics are also better, since they can be the proper size and people won't complain too awfullly bad. The size of the optics to do what wet lenses for P&S do for SLR cameras is astronomical, both in bulk and expense. To keep the price down, they sacrifice size and quality.
Your SLR is flexible in a totally different way. You have access to the extremes in both Macro and Wide Angle, and a better imager.