What, exactly, does the Apple Nike + iPod Sport Kit do?

susanmaried says:

Does it tell you, while you are running, how far you have gone? Does it tell you how long you have been running? I just started a running regimen that uses interval training and I want to know if the Nike/iPod Sport Kit will be helpful. Thanks!

! says: The Apple Nike + iPod Sport Kit requires you to get a specific Nike + shoe, which allows you to place a sensor beneath the insole. The sensor tracks your run, then sends the data to your iPod....

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