It does average pace and lap pace down to 0.25M and 0.4KM. I'm not psyched on the 210's current pace, but, like you, I don't look at it all that much. I just noticed it being obviously slow on fartleks so I took some time to watch it be slow.
Whatever, it does what I need. Especially a great help on hill repeats and intervals when I'm not interested in watching for distance markers. The beep is nice because it gives a 5-second warning that I use to push extra hard at the end of the repeat.
This dude has a ton of Garmin reviews:
http://www.dcrainmaker.com/p/product-reviews.html