REI has the Mio Link in a fugly color on sale for $60.
Mio LINK Heart Rate Monitor - Electric Special Edition - REI.com
But this sentence does not inspire confidence:
In extensive testing against top heart rate chest straps, Mio LINK consistently performed with 99% EKG accuracy, even while running and cycling at speeds of up to 14.4 MPH
Wow! 14.4MPH! Not sure if I'll EVER go that fast!