Hop-on's ChitterChatter GPS/cell watch

Hop-on's ChitterChatter GPS/cell watch - Engadget

Whether at work, home or traveling, simply use the Internet or any phone with SMS capabilities to quickly identify the location of the device within 300+ feet, in approximately 1 minute. The ChitterChatter Phone allows kids to stay in touch with close family and friends, or send their location by pressing the one-touch star button -- while letting parents manage costs.

Oh goody. More fun stalking...I mean kid saving devices. All for only $50.