Diamond Head is the big crater to your right (above picture).  It is a big tourist spot for Oahu.  It provides some breath taking views, and is a nice moderate hike up the side of the crater.  The hike starts from the buildings in the middle of the crater.
Below is a shot of me before you actually enter the crater.  And then, as you continue on the road towards the park you go through the tunnel pictured to the right.
More shots from the top....

And below is another Panoramic shot I took from the same spot