With New Year's resolutions still fresh in everyone's minds, Peloton announced its second major product on Tuesday: A treadmill. Except, as Peloton CEO John Foley explained to me at the Consumer Electronics Show (CES) in Las Vegas, the new Peloton Tread is more than a running machine. It's being billed as a private fitness studio, one that offers the ability to take a variety of exercise classes streamed live from the company's studios in Manhattan. It will also set you back four grand, plus a monthly fee of $US39 if you want access to the live classes. The craziest detail of all? It almost feels worth it.