Suunto Ambit Watch
The Suunto Ambit is a watch with GPS, Digital Compass, Barometer, optional Heart Rate monitor and many other functions.
I had the Suunto X9 and X10 models before and this is not a successor of the two models but developed from scratch (both hardware and software). There are many improvements over the X10 like a casing that does not fall apart (finally), better GPS reception, map display (since the new firmware that came out a week ago) and many others. There are some disadvantages over the X10 too: Suunto tries to force you into using their “Movescount” online service by synchronizing directly with it. Some more advanced functions on how exactly the GPS is used were removed to provide an easier interface.
I read Tynan’s comment about not really needing GPS functionality in a watch anymore, as every mobile has those capabilities nowadays. That’s true, but I value the battery life (I am in the mobile app business and often have apps installed crashing my mobile or unexpectedly draining the battery), the stability and having everything in a waterproof casing (I use it for windsurfing).