Well that's definitely better - I wonder what happens when you go under 130 feet, though. A dedicated dive computer would at least provide accurate information, rather than throwing you to the wolves because you exceeded some legal limit.
Also on the plus side, some of the existing air pressure transmitters use bluetooth, so if they could get that working, they'd actually be one of the cheapest air-integrated computers on the market.
(edit: they do not use bluetooth, they use low-frequency radio ~38khz)
I think I'll stick with my Shearwater Peregrine though, pros and cons considered.