That drawback aside the Specialized unit has a inclometer feature which I dont think the CM414 has. This is appealing as I will be doing a lot of mountain work.
the Ciclo does have an inclometer. it displays 2 pieces of data:
* % grade
* current vertical change rate per hour (i think it's per hour rather than per minute although it's based on the last minute or so)
actually, you can download the complete Ciclo user manuals in PDF from from the web - go to
http://www.ciclosport.de/, click on Enter for English, then Manuals
i think the CM414 stores 60 hours of data - it's long enough that last year i stopped it at the end of the day it lasted for my 8-day TransAlp trip.
if you get the computer connection, then the %grade is also included in the available data for graphing.