I'm a big fan of "running bikes" for kids. Simple bikes with no pedals that help you kids learn their sense of balance on two wheels. Wishbone bikes have taken it even a step further. Their bike starts as a tricycle and then converts to a low slung two wheeler. When your kid gets bigger you can even flip the frame to accommodate the growing size of your little one. All that flexibility makes the $249 price tag seen not quite as bad.