Maybe in generation 2 or 3, but right now as I understand it the most amount of features come from it being paired with the iPhone right next to it in your pocket.
With their running example, I was under the impression for any actual run tracking you still needed your phone on you.
Hey, that's a good point. I added a note saying that non-apple apps are still not performing well enough but no doubt they'' be better in generation 2 or 3. As for running, you have to run first with the iPhone, but once the podometer is calibrated, you can run without iPhone and still have music and performance tracking. The one thing you'll be missing is the GPS but it's not that important.