Same problem.
I tried the camelback and don't like it.
I bought this stem mount for a water bottle and it works perfect: http://www.cambriabike.com/King-Cage...Cage-Mount.asp

But, you can't easily flip your bike over to change a tire.
For another bike I found another type of water bottle mount that goes off of the handlebar. For the life of me I can't remember who makes it and I can't find a link. Maybe tomorrow in the daylight I will look at the holder and see if there is a brand name on it. I like it. It doesn't interfere with flipping the bike over and it is really stable too.
I did not go for the cage off the rear because I have carbon rails on my seat and a carbon seat post. In restrospect, that might not have mattered as much as I thought.
Trek Madone 4.7 WSD
Cannondale Quick4
1969 Schwinn Collegiate, original owner
Terry Classic
Richard Feynman: “The first principle is that you must not fool yourself and you are the easiest person to fool.”