Garmin kicked out a new GPS system today called the Edge 500.  Designed specifically for cyclists, it weighs just 2 ounces and can track speed, distance, time, GPS position, elevation, temperature, calories burned, climb and descent.  For accurate altimeter readings, Garmin has stuffed in a barometric altimeter and like their other devices includes their ANT+ technology for wirelessly transferring data from the device to your computer.  Toss on one of Garmin’s speed/cadence sensors as well as heart rate monitor and the Edge 500 can keep even closer tabs on your workouts.

The Edge 500′s battery is good for up to 18 hours on a single charge and comes bundled with a low-profile, quarter-turn mount that attaches to any pair of handle bars.  You can expect it to arrive this fall and start at $249.99 – add $100 for a bundled heart rate monitor and speed/cadence sensor.

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