GPS design changes cameraphone power consumption - 1% !!

New GPS Chip News - 1/100th the power requirements

Air Semiconductor, a fabless GPS semiconductor company formed in May 2006, has announced today its first product, Airwave1, that deliver low power continuous GPS tracking in order to solve the time to first fix issue for non-connected consumer electronics devices. Air Semiconductor claims its Airwave-1 chip consumes “only 1% of power required by current GPS solutions”.

This solution could make GPS an integrateable solution for just about any thing.... Now if it is accuracte to 2, 8, 16 meters?