I am testing these out for the next issue, but I think they are cool thus far. Why hasn't someone made these before? Well, now that they are out, I'm sure there will be plenty of copycats (hear that Chinese factories?). The company claims that this is "the only tie-down currently on the market with a full-length steel security cord and combination locks." Best of luck to them with their cool idea. Check out the demo on this bicycle.
Full review in issue # 38.
Blog Entry Soundtrack: Breaking The Girl (Album Version) [Explicit] by Red Hot Chili Peppers