I have the underwater version, which I had heard has the same lens, but apparently is now said to have the lesser Tessar type. Nonetheless, it's a pretty decent and robust camera both in and out of the water. It's been some time since I used it, but it was a good pocket camera, and unlike the L35AF, its flash as well as its AF are both optional.
I had a Minolta Weathermatic Dual 35 as well, but it broke. The Nikon is simpler and tougher (and less conspicuous, being black rather than yellow).