Firstly thank you to all the people that have put effort and support into getting the GPS windsurfing/kitesurfing movement happening.
I don't really subscribe to the "low volume" and "ROI" argument - when you think of the potential market for
accurate and recordable GPS devices the uses are enormous. Any activity that involves recording distance, speed or position is a potential user eg: kayaking, cycling, sailing, running, swimming, hiking, rowing, driving, flying and the list goes on. We just need to convince a established company that has good business practices (garmin, polar, suunto etc) to pursue this for us...
My "Device Requirements Specification" would go something like this...
Maximum external size(excluding strap) would be contained within a radius of 50mm, 10mm thick
Waterproof to 10m - ie IP68 minimum. Hermetically sealed.
Impact resistant to a drop height of 5m
UV stabilized plastic
Adjustable strap with facility to dock unit to a bracket
Agreed sampling rate etc...
Known, stable chipset
Bluetooth connectivity
2 Gb minimum internal flash memory
Induction charged
8 hour minimum battery life
Firmware upgradeable
Tom's beeps
Button "lock" switch
Roo - regarding HD video - baby steps first. Adding the complexity of HD video could significantly add to development time and cost.
Check out or subscribe to the GlobalSources electronics catalogue. The number of specialized low cost region manufacturers out there are amazing.
You could always contact one of these many design/manufacturers and fund it yourself - I would buy one if it retailed for under $250