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Garmin Forerunner 205 @ $88
FYI: This is the lowest I've seen. The 205 is the gray (no heart rate monitor) version of the red 305. Both are the big rectangular ones, that people with small wrists don't like, or people who don't want to look funny. Some of us are happy with them, obviously.
http://www.amazon.com/Garmin-Forerunner-Receiver-Sports-Watch/dp/B000CSQJ8C/ref=sr_1_2?ie=UTF8&qid=1290797676&sr=8-2
It's a 5k. It hurt like hell...then I tried to pick it up. The end.
Man, just bought a 205 a couple weeks ago for $120 on Amazon. My other went out two weeks after it was $99 on Amazon. I just keep missing out.
guess i'm too late - back to $105