Garmin announced the Forerunner 305 GPS sports watch at the CES 2006.

Amazon.com sells the Garmin Forerunner 305 for $349.99. It will ship February 13th.

The new Forerunner features a new GPS antenna design and a more sensitive GPS receiver to provide better tracking.
Besides all kinds of lap tracking features the Garmin Forerunner 305 also features a heart-rate monitor. New in this Forerunner generation are customizable screens and also the multi-sport feature, that lets athletes track their training across different activities. Via USB the GPS tracking data is transferred to a PC where it can be evaluated with the bundled software.
The Garmin Forerunner 205 sells for $249.99 on Amazon.com. The 205 does not have a heart-rate monitor.