They were my exact words when I first saw one on a train. They're compact, easy to fold (and un-fold) and not only save the commuter a tube or bus fare but also help keep fit!
The link below takes you to all sorts of folding bike deals...
http://www.discountbicycles.co.uk/biz/section.php?xSec=10&gclid=CPSIssHLtpcCFQ0xawodxkzHjg
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