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The Columbus V-700 GPS receiver is scarcely bigger than a box of matches and weighs slightly more than an ounce, but even so, it's accurate to within 1.5 meters and connects with up to 20 satellites.

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We're just hoping it will be released in the United States someday. Looks like a pretty good deal for $199.

Super compact bluetooth GPS receiver Columbus V700 [Navigadget]