the cyclops, agreed, peace of mind, that is very important. (I actually do live in NYC.)

Now another question: what about the wheels and saddle? Most (almost all) people lock them with a crappy cable lock. Why the thieves didn't take these easy stuffs has always baffled me. It is not much better if you come out of the coffee shop and found you bike is missing a wheel, or the saddle, especially if you are far away from home. So in my opinion locking the wheels and seat with cable locks can't provide peace of mind.

Incidentally, the other day I saw a guy in the subway train, who had his own bike in the train, but was also carrying a separate wheel in his hand. He didn't look very innocent to me...