Thanks everyone. It looks very much like you nailed my underlying problem. Since I hadn't considered RI, I wasn't paying attention to the right things when I did my "testing" of the camera. Now that I went back and checked wi th this in mind, I can see that I AM getting an image, it's just VERY fuzzy , as several of you predicted (maybe the camera is just acting as a pinhole camera, with way too big of an aperture).
As for many of the other questions/predictions, while I won't guarantee the re isn't something else I missed, I HAVE given this way too much thought...
Acrylic windows and O-rings: Probably out, or at least out of my budget, si nce the guesses as to pressure so far are way low... (Not for the immediate future, but that's the eventual plan.)
Oil penetrating the electronic components: I'm fairly confident this is not an issue. It certainly won't bother resisters unless they gets hot enough to boil the oil, which seems unlikely. I'm fairly sure capacitors will eith er be unaffected or INCREASE capacitance, and I don't think that will disru pt anything in this system (might even make it MORE reliable). Now that I s ee that even the CCD chip functions, electrically, with the oil in direct c ontact with the chip surface, my last electrical concern is put to rest. Ai r pockets in the ICs ARE a concern if they they DO NOT fill with oil and co llapse under high pressure, damaging the chips. Like I said though, even in the event of catastrophic failure, I'm out maybe $100-150 in materials.
This is really a proof-of-concept, and the camera is not essential, but wou ld be way cool. Even if I can't fabricate, or choose not to invest in an ap propriate lens system for now, if it works to a few thousand psi, there sho uld be money for fluorite lenses, if not diamond. If I have to turn it into a proper pin-hole camera and add more lighting, that would be sufficient f or now, and cost just a few bucks.
Oh, and someone mentioned the interface between the "window" and the water. That will be roughly flat, so refraction should be irrelevan t.
Currently, my biggest concern for failure is that I'm eventually shooting f or a range where the everyday definition of "incompressible" no longer appl ies. I haven't yet researched (assuming anyone even knows in this range) th e rates at which silicone compounds and plastics compress. If they are too different, that could eventually lead to chips cracking and failing. Again, spectacular failure IS an option.
Again, thanks everyone for the help, and I will update when/if I get somewh ere...or maybe come back for more help. :)