Not knowing how this camera will operate when exposed to the elements, I would be concerned with the spring thaw, condensation, possible shorts, and corrosion.
Agreed. I believe the consequences are more long-term. While they will work in the cold, they may not last very long.
Condensation is probably not an issue, to me. My experience suggests that this is more from sudden shifts in environment, such as sudden movements from outside to in, or vice versa, resulting in devices where their temperature is greatly different from the ambient environment. However, humidity is equally a problem.
I am not sure that I intend to keep mine outside. I am still exprimenting around with different devices and placement, both inside and out. Besides environment, I am finding other reasons that I prefer the -932 inside...specifically, the range (or lack) of the night vision. I find that the -932 simply lacks enough range to be useful outslide, in my application. I have just installed a Foscam exterior camera and find it performs much better outside. I expect that I will end up moving the DLinc -932 inside and replacing it with something better for the outside. This is all still a work in progress.