The features on Teague's Pulse urban commuter bicycle include electric turn signals controlled from the handlebars and a luminescent frame that lights up when you need it. We especially love the specialized caged bike pedals--they're counterweighted to always sit "the right way round," allowing the rider to benefit from their three-fold increase in efficiency without suffering from having to clip into upside down pedals at every stoplight.
More photos and details at Core 77. Via Velo Paint.
James @ Bicycle Design hasn't mentioned Teague yet but I'm sure he will soon. I just like the pretty colors and go "oooh ahhhh" while James, who does design for a living, makes intelligent commentary.