[joe176]

I am a Locksmith for 26 years...haven't seen this new product from Strattec yet....but beware that Kwikset has come out with the smartkey locks for residential applications that rekey similiar to what you describe here and have been giving alot of trouble since being sold at Home Depots across the country.

Strattec is a quality company as I use quite a bit of there products and tools....although something that rekeys on it's own sounds like it has too many internal parts to last as long as a conventional lock.