Does anyone else feel that GPS units have gone over the top both in price and sophistication? For the kind of flying many ultraight, microlight and light sport pilots do the aviation GPS units are just overkill. Unfortunately, the truly inexpensive GPS units sold for hiking just don't display the info in a format suitable for flying (please correct me if you know of one that does).
Personally, I'd like to see a simple GPS that would give your position (lat/long), bearing, speed, and altitude. An alternative display would replace lat/long with bearing and distance to/from some user-defined navigation points (your local fields and landmarks) and some waypoints to set on the fly. Oh, and two big buttons for HOME and NEAREST. That's it.
It could be handheld or panel-mounted in an instrument hole. Black and white LCD or even better fluorescent displays like in a car would be fine--no maps needed, color only if it's economical.
The MGL Avionics GPS-1 was pretty much exactly that, but they don't make it any more.

The Gipsi voice-activated GPS is also very close to being ideal, with the added bonus of a voice readout to keep your eyes outside the cockpit, but it's not cheap and the total lack of a dispay is limiting.

Anyone have any ideas or leads on a source for something that would fit the bill and, ideally, cost less than the 400 bucks Garmin wants for its cheapest aviation GPS, the GPSMAP 96?
Cheers,
Matthew