This is a post from Gear Fisher on the Trainingbible.com message board. Gear helped develop the software for the data recorder unit.
**Original Message Title: **Re: Anyone tried the new Timex Bodylink System?
Message Text:
Hi Thomas, first of all, you should know that TB was fortunate to work with Timex over the last 1.5 yrs on the development of the bodylink system. TB wrote the software that comes with the Data Recorder, which happens to upload nicely to the TB site. So, that said, I still can be pretty objective. First off, the actual Bodylink is really their 2nd generation of hardware, the “Speed + Distance” system was the first. The Bodylink is truly awesome. THe watch itself is stylish, pretty thin and easy to wear round the clock. It has a TON of functionality too, coolest of all, it can show Speed, Heart Rate and Pace all on the same screen. They made some updates to how the pace is calculated over the first watch and pace is considerable smoother now (it used to bounce around a bit). The watch really is a great instrument.
The other key piece is the Data Recorder. This little triangular unit intercepts the data signal from either the heart rate monitor, the gps unit or both to record your efforts as you go. NOTE: the DR only records your Speed, Distance and HR. It does not capture split times, time in zones etc, the software computes time in zone for you, but the splits are not recorded. This is a pretty big downside, but at the same time is overcome-able by recording your splits manually from the watch summary display. One really handy thing about the DR is that it will hold a TON of data. You can workout all week with it, then download on fridays to get all your data captured. It will store around 24 hours of continuous data.
The heart rate strap is also improved (actually 3rd generation) and is top notch, it’s digital signal won’t get mixed up by a group of people close to you using the same thing, I’ve had good luck not having it lose signal either. Some of the earlier models tended to “lock up” or lose signal in regular intervals.
The software that comes with it works ok for general logging and graphing, but is not really that fully featured to really analyze each workout. You can send your data easily to your TB.com account though 
Of all this said, this device brings “cyclometer” like functions to running, rollerblading, kayaking, hiking and any other “human” powered activity. It does so accurately too. Since it is GPS based, you will need a relatively clear view of the sky during your workouts. When I jog, I go through tunnels here and there, and that’s no problem, but if you workout in thick trees, on heavily wooded trails etc, it may have some problems. Overall, I think you will be pretty happy with this hardware.