Engadget recently plugged a new bike lock with wifi and GPS capability: http://www.engadget.com/2013/10/29/lock8-smart-bike-lock/.

Thoughts? Want one. They are in a kick-starter phase: http://www.kickstarter.com/projects/lock8/lock8-the-worlds-first-sm...

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I encourage new ways to prevent bike theft but...

1)Cable lock, we all know how well they secure a bike here in Chicago

2)People ignore car alarms that are a lot louder then any battery operated device will get

3)No back up key lock (never a good idea for an electronic lock)

4)GPS only work with line of sight to the sky, easily defeated

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