Although a video camera mounted on the outside/inside of anyone's sub would be the best way to let everyone enjoy the sub (without having to let a bunch of strangers go for a joy-ride), I don't see an easy way to get a wireless video feed to the surface.
If someone could put together an underwater telephone which could be easily moved from sub to sub, I think it would go a long way to making this event look safer (and it would be a great way for the 'simpler' subs to try out a new type of equipment).
I really really like the idea of an underwater 'find-and-identify' race course.
Alas, I have no sub of my own to bring. Other matters are more pressing at the moment.
Shin