Rid-Rider
I came from a Polar CS600 with power before upgrading to the iBike, and it was definitely an upgrade. Although I could get the CS600 to work consistantly it was missing a lot of features, most importantly the ability to show real-time average power, which is really the iBike's bread and butter. Polar had an opportunity to fix this with the CS600X but all requests fell on deaf ears. In terms of accuracy, you can get the iBike to mirror the power profile of any Direct Force power Meter, but you'll never know unless you have a DFPM to compare it with. I've borrowed a Powertap and did some comparisons, with the correct profile and a 5 second smoothing of the data there is nothing between them. The more important thing is that once you have calibrated and created a profile, the iBike is consistant and repeatable. You create a baseline and all your training is built around that, I have a certain hill I ride that takes approx 10 minutes, I can pretty much tell what my time will be just be watching my average power on the iBike. I've also used a bunch of other "bike computers" without power, and the iBike is probably my favourite in terms of user interface and layout, very logical and intuitive. Also the product support with the iBike is second to none in this industry, I have only had the iBike since April and requested a new feature on April 06 (check my posts) which was included in the most recent firmware upgrade... pretty amazing. Also the V4.00 firmware makes the iBike much more a power on and ride proposition, calibration and setup is greatly simplified.
Still, a couple of negative points as no product is perfect. Battery life still bugs me, I know the CR2032's are cheap and easily replaced but I still wish they performed better in cold weather, I've actually built my own external battery pack using a 3V lithium battery hidden in the handlebars so problem solved

(although I have probably voided the warranty on the wireless mount ). Also, you will need to create profiles for different conditions and bike setups. I find changes of clothing (summer, winter) don't change your aero too much, my biggest issue is knowing for sure that 330Watts on my road bike in the hoods is the same effort as 330Watts on my TT Bike in a full aero postion. This is the reason I borrowed a powertap so I could calibrate both bikes using the same reference point. Also, mine doesn't work well in heavy rain, but the optional remote wind sensor should help in that respect. Again, I like to make things so I made my own
For me the iBike is the most versatile of all the available power measurement devices, it's a brilliant training tool, I can swap wheels, changes bikes ( I even have it working on my MTB), it's compact and lightweight, and it keeps getting better
Cheers M. Mole
P.S I also did a lot of research before buying and read some negative reviews. I'm sure all of them were based on earlier versions of the iBike and in many cases the reviewer did not keep up to date with new models and firmware features etc. A good example is the often stated lack of indoor trainer support, which is untrue. Would love to see an updated review of the Gen III with V4 firmware