Nope, the 205 is bikemounted. There are I believe four models: 205, 305, 605, 705. Everything above With the 305, 605, & 705 you can get heartrate, elevation change, the whole nine yards. With the 205 its pretty basic. You can map your course and chart it in your pc, or even use the info to race yourself and chart your progress. It also gives you your current elevation, actual ride time, pause time, and other things. The best thing you can find them pretty cheap, as a lot of people are shooting for the 605 and 705. I bought mine off of a guy who had used it 3x and was upgrading to the 705 for like $80.

...it just depends on what you want to use your bike pc for. If that does too much for you, then the CATEYE wireless is pretty good too.