Those that have exercise devices that use ANT+ wireless protocol now have a new way of analyzing data with Pedal Brain. Pedal Brain is the first device that can take ANT+ info on the iPhone and iPod Touch.

Of course, it requires a specific iPhone app for this to work, but Matt Bauer, the founder of Pedal Brain, says that his are more advanced because ANT+ devices rely on more than just GPS. You should be able to purchase the Pedal Brain accessory sometime in March for about $130 to $190. The online service will be extra, but a free version should be available as well.

Source

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