The Copenhagen Wheel

Developed at MIT, the Superpedestrian Copenhagen Wheel is a 350-watt motor that adds a little extra boost to the normal 70-100 hp a normal person puts out on a bicycle.  It also utilizes regenerative braking and can be controlled/locked with your smartphone.  You can pre-order one for $799 at their site.  Is this worth it??

Official product release video:

 

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