I like the looks and features of this watch, very nice. I also use my bike computer (Garmin 500) to record my hikes but would be nice to have something like this that I could wear on my wrist instead.
Yes, I've set up both Cycling and Hiking as GPS activities. So much easier to have it on your wrist!
It's quite a versatile device; you can pick what you want the display to show you (duration, distance, pace, average pace, HR, lap time, etc.) It also automatically pauses when I'm stopped for whatever reason, like a traffic light. Since it's got Bluetooth, I can sync to the app on my phone, as well. Haven't tried the HRM yet, but that's next.
I compared it to the Garmin Forerunner 15, but I found the display on the Garmin a little harder to read in daylight, plus it had no BT.