OK, so I figured I'd post what I do to the V8 to ensure it doesn't have any problems no matter what leaks into it.
First though, it's got enough goop on the connections that it should not short out.
It looks like some of the most recent versions do not have extra silicone on the bottom wires.  That said, even a water bridge between them does not short it out (I tested it)
Not sure what solder or solder covering they are using but it won't short with a liquid bridge.
anyway, as it will allow liquid inside I use liquid electrical on mine.  The photo below shows spray on "electrical tape" because I ran out of the brush on stuff.
This unit will NEVER EVER short out.
Someone mentioned the wires could pull out.. that's not going to happen unless you open the unit, there is play in the wires and there is nothing to tug them, so unless you ran it over with a truck, the wires will never pull away, there are no stress points.
If you care about your V8 and you are worried about it shorting you have three easy solutions.
1. Liquid Electrical Tape
2. Spray On electrical tape
3. Silicone (in a tube)
(all available at any hardware store)
If you unscrew the 5 small screws and lay it side by side just put whichever above on all of the connector points and you will never have a problem, even if it drops into a lake.
also, if you use silicone on the smaller lower points where the wires cross over you won't have to worry about the wires pulling out.
Over all it's a solid little device that needs some tweaks but I'd venture to guess that since they've already made the molds they will not make any more or change it.
I do this kind of stuff to all of my personal batteries and mods just to make sure my klutziness doesn't cause me a loss.
Note: while I realize there are a few small drawbacks on the V8, and the design leaves a little to be desired, we cannot expect a manufacturer to prevent all types of damage from leaky cartos, we'd like to and we would love it, but I don't feel I need to 
tell them to fix this, in my opinion they have done everything reasonable they can to both churn these out and keep them relatively safe from shorting.  If I start heaping improvements on them, they'll undoubtedly charge me more 
 
That said, I am going to ask why they stopped siliconing the bottom wires.. seems odd but then again since I couldn't short it, maybe they just changed the compound??