I would check out Zen-Ray ED2, the optics are superb for the price http://www.zen-ray.com/shop/binoculars/zened2.html
Another vote for Zen Ray. They are an American Company who have their binoculars made in China. They are one of the group of near Alphas. Their binoculars are 95% as good as Zeiss, Leica, etc. for about the price you'd pay for some Monarchs.
Also consider a pair of Swift Audubons. I have two pair, one is the latest, now discontinued and the previous model. They are also in the league of being almost as good as the Alphas. The Swift 820 is a porro prism binocular but it is water proof.
Either one of those two binoculars should last you for a long time.
Chad