Anilao
I dove Anilao in April, 2009.
Conditions: all diving was done from traditional boats. The boats are comfortable, and most of the travel time was between 20-30 minutes, or less. Visibility ranged from good to great (20 ft to 43ft+), at least compared to the local conditions on the West Coast of Canada. Diving is easy, and applicable for all skill levels.
Marine Life: the diving is largely focused on small critters, and Anilao delivered during my stay. Some of the highlights include: wonderpus, peacock mantis shrimps (2) with eggs, a plethora of different nudibranch species, and frogfish galore.
Overall Value: flights are to Manila, and the transfer from Manila to Anilao is by car. Overall, the commute is relatively painless, and since the flight is to a major hub, and transportation is inexpensive, the value of Anilao is up there compared to other dive destinations in the region. Diving while I was there was some of the cheapest in the region.
I did not partake in any topside activities in Anilao, and am not really aware of any.