This is a new release by Garmin for 2022. Although it is still an expensive item, this is a great deal on a new product as RRP on Garmin's NZ website is listed as $1599.
A potential issue for some is I don't think they are in stock in New Zealand yet, and the Rebel website is not clear on dates so if you need something straight away this may not be for you.
Please see this review by Fitness watch guru DCRainmaker (not sure if review links are allowed but its an easy google) for a thorough review of the product:
Free shipping code