A london TV stations takes on bike theft- complete with COPS style takedowns of thieves:
Unfortunately I can't imagine either the police or the press taking this much interest in the topic.
It was somewhat disheartening that the "king of the bike thieves" gets only 5 months of suspended sentence. The trackers under the bike seat seem like a great idea. I would pay $100 for something like that, but I think that the technology isn't quite there.
I was locked up yesterday next to a bike that appeared to be held to the rack with a piece of wire- thinner than a pencil. It always makes me feel a bit safer to park next to something so poorly secured :)