This Bike Vending Machine is an ingenious design meant to facilitate bike rentals in urban environments. Customers could pay a small fee to get a bike from one of the machines and then they'd be able to ride it where they pleased. They could then return it to another bike machine across town, allowing for easy one-way trips.
The bikes would be loaded up with RFID tags to keep track of them, preventing people from running off with their freshly freed bike. It sounds like a great idea to me. I wish there was an easy way to bike around New York City without having to ride my own bike in from Brooklyn. Let's make this happen, Bloomberg.