Nike and Apple announced today a partnership to produce smart shoes that send data to an Apple iPod via a wireless system called Nike+iPod (appropriately). Expected to retail for about $29, the Nike+iPod Sports Kit will be able to give runners data about time, distance, pace and calories burned through the earphones of a nano version of the iPod via a sensor in the insole of special shoes that communicate with the digital music player.

A 2002 deal between Nike and the Netherlands’ Philips Electronics NV that resulted in an mp3 player that tracked time and distance fizzled, because of differences in the two companies’ target consumers, according to Nike VP Trevor Edwards.

[via Reuters]