As a quick primer, ANT+ is a wireless standard used by cyclists to measure and analyze their ride performance using a variety of wireless devices. It's been around for a while, but until Pedal Brain, there was no way to sync it up to an iPhone of iPod touch. Now there is!
Once you plug the Pedal Brain Synapse hardware device into your phone or touch, you'll start to get updates in real-time via the app on screen. When you're all done pedaling for the day, you can sync up with Pedal Brain on the Internet for a more in-depth analysis. There's team support too, which could make the software a boon for coaches.
The device/app will be available this spring, possibly in March, for $130 to $190. Unfortunately, the steep price does not include the additional charge for a subscription. A limited free version will be available at launch, but will crap out on you after a few weeks. [Pedal Brain via TechCrunch]