$295 4-speed electric bike

PhotonBoy

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http://www.sciplus.com/category.cfm?subsection=8

"You want to bicycle for a little exercise and a lot of fun? And you're not in tip-top shape? Allow us to present the 4-speed Merida 500 Power Cycle, a lightweight adult bike strong enough to carry up to 240 lbs, and smart enough to carry a quiet 1/2 hp motor that kicks in whenever you start to pedal and turns off when you slow down, coast or stop! No complex controls -- just a burst of power that reduces your exertion by at least 50% when you start, accelerate or climb a hill...."
 
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