In reply to munro90:
For non runners/bikers the golden standard still seems to be still Suunto (and the Ambit for those wanting GPS).
AFAIK the battery is more than big enough to be used for a day (or two), but not really for multiday climbs (running the GPS all the time). The accuracy is good enough, and they do get a signal quite quickly (compared to old handheld GPS'es).
That said, I use a non GPS model (old Suunto Core), and even that is more than precise enough for altitude, provided you do calibrate it a few times at know spot-heights (eg. summit).
Oh, but I still mainly used it to tell the time, and the second function is to check the rate of ascent/descent and/or altitude on the approach or descent...
Post edited at 20:31