Wireless control of your iPod, plus all the functions of a "normal" watch, AND it's waterproof.

it is offers wireless control of iPod from your watch. Beyond Apple iPod control ,it is a advanced digital sports watch. It features iPod controls : Play/Pause, Volume Up/Down, Track Forward/Back; 50-lap memory recall chronograph; Training log; Multi-mode; 2 interval timers for speed and endurance training; 3 customizable alarms for daily, weekday and weekend settings;100m water resistance. (via likecool.com)

Awesome remote if you have an ipod! but, they need to update it for the iphone, maybe add a mic for some dick tracy style bluetooth action. ha ha

If you have a classic iPod and therefore can't get the Nano sports kit, this will do nicely as it allows you to control your iPod. You can skip a track and increase the volume from this watch. It also offers 50-lap memory recall chronograph; training log; and two interval timers for speed and endurance training.

Music-loving runners (or exercise-tolerating music fans) know that making iPod adjustments while in action can require some uncomfortable contortions. Happily, a solution has just hit the market. Timex's new iControl Ironman is, unbelievably, the first combination wristwatch and iPod remote. The iControl™ watch transmits signals seamlessly to your iPod so you can control your music in a heartbeat. Change songs and volume without breaking stride. Designed to work with your body and coordinate with your iPod, the iControl watch is sleek and comfortable to wear - with all the features you need for running around the track or traveling around the world.