The Garmin Blog announced the new Garmin ForeRunner 405 yesterday. This looks awesome. From the videos and the blog post, this looks to be a competitor for the 205. With a more traditional watch like style, wireless transfers to the computer and other watches this will definitely make the ForeRunner easier to wear during the day. What I think is really a nice touch is the lack of buttons. The watch is operated with the bezel. If they got this right, this will be great. No more pressing the wrong buttons when trying to mark a split! I'll be looking for this one when it hits the stores.

Update: I found the watch on Garmin's website and there is an optional heart rate monitor available for it. What do I do with the 301 my wife gave me now?
Here's a short video of the watch in action: