Penn Spinfisher VI
Just one step below the excellent Slammer III, the Spinfisher is probably my most favourite of the reels in the shop for durability, price and features. Almost as waterproof as the higher end model, the Spinfisher is so well sealed that it will handle the off splash and wet session without letting you down or suffering. Unless you're regularly submerging a reel, it's my top pick!
Ben's an idiot so hasn't added a full category run-down yet. We're sure he'll get on it shortly.