I was in the City of London today and saw the launch of the Barclay's cycle hire scheme. Bike's appear pretty basic with 3sp nexus gears Rental prices range from 30mins for free to 24hrs for £50.00.
One problem I forsee is, once finished with the bike, if there's not a free stand where you are, you have to find the nearest vacant one. This can be found on an active map but may be a considerable distance. Another option is to press a button and wait for someone to come out to you.
Barclays Cycle Hire Scheme: painting London 'Tory blue' or putting colour in a whitewash? - Telegraph
One problem I forsee is, once finished with the bike, if there's not a free stand where you are, you have to find the nearest vacant one. This can be found on an active map but may be a considerable distance. Another option is to press a button and wait for someone to come out to you.
Barclays Cycle Hire Scheme: painting London 'Tory blue' or putting colour in a whitewash? - Telegraph