Garmin recently just announced its new forerunner series watch called the 110. This is a basic GPS watch (heartrate monitor version included) with 1000laps memory and 8hrs of battery life and using the latest SiRFstarIV system (310XT 405 are using the older SiRFstarIII)....finally, Garmin decided to come out with a simple GPS watch for the non-tech savvy like me. It has omitted all the training tools and functions like the interval training and virtual partner that are included in the previous more expensive models in 405 and 310.
The RRP for heart rate monitor version is USD$249.99
The RRP for without heartrate monitor version is USD$199.99
more details at Garmin forerunner 110 page
more reports from engadget,
more reports from crunchgear
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