Apple's Idea of a Smart Bike

It was revealed a few days ago that Apple has applied for a patent for a "smart bike system" based on the iPod Touch or the iPhone. Read about their idea of a smart bike at
http://www.patentlyapple.com/patently-apple/2010/08/apple-introduces-us-to-the-smart-bike.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+tidbits_main+%28TidBITS%3A+Mac+News+for+the+Rest+of+Us%29