Upon arriving home from German class last night Rae and I came across this large bug and had to exclaim, what the hell is that!
Thanks to the internet I am confident that I found out precisely what kind of insect it is. It is a giant aquatic bug of the Lethocerus genus. These guys are predators who eat other insects, tadpoles, small fish,and even frogs. It injects an enzyme into its prey that liquifies its insides into a soup that it sucks out. They are said to have one of the most painful bites of any insect.
They are also know as Toe-biters, Giant water bugs, or Electric light bugs. They can be found on most continents and are considered a delicacy in Thailand.
This one in particular, was so large it had another bug living on it. It was found in almost the exact spot that friend and fellow designer, Adrian Shum, caught a picture of a large moth, blogged about here.