Freedom Bikes in Paris

These seem to be a big hit in Paris.  There is talk of London doing it, too.  What would NY or Chicago look like if they followed this trend toward public bike sharing?  I think it is a great idea. What do you think?

You can read an article about it here:

http://www.timesonline.co.uk/tol/news/world/europe/article2224917.ece

http://www.thisislondon.co.uk/news/article-23407716-details/Mayor+wants+London+to+copy+Paris+bike+rentals/article.do

Here are some blogs about  it: 

http://carfreeusa.blogspot.com/2007/08/freedom-bikes-are-hit-in-paris.html 

http://www.terrapass.com/blog/posts/2007/08/next-best-thing-to-a-flying-car.html