Ned points out a bike lighting project on Kickstarter - Revolights. Timed LEDs that mount on bike wheels - watch the movie for an idea of how this works.
The project has been very successful at raising money and it looks like they are in a development phase. Brightness does not appear very high compared to fixed LED lights of the same price range, but it looks cool and that may drive sales.
I wonder what the success rate is on Kickstarter projects - first the percentage the achieve their funding goals and second the percentage of funded projects that ultimately are successful (a much more difficult measure).
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