Wellgo WAM-717 Pedals
A new revolutionary open cage design helps shed mud and allows an easy entry and release. Smooth sealed cartridge bearings will keep you spinning. A tough silver enamel finish ensures good looks.
I've got several sets of these on several different bikes and they work just as well as any other pedal I've used. They are lightweight, smooth spinning, long lasting, and engage and disengage the cleat predictably. I'm not sure why you'd spend 2-3 times this much for 'name brand' pedals that do the same thing. The strange part is that if you do spend that much, there's a good chance that Wellgo made those pedals anyway. These are very similar (if not identical) to the old Ritchey pedals.
Have use these over three years on my current bike and a couple of years on a previous bike. They work well, function beautifully, are easy to maintain, and are low cost! Like a good bike, you won't have to think about them while you're riding, you just enjoy the ride.
I'll put these up against any shimano style pedal out there. I have them on several of my bikes and they are comparable in weight and function to shimano xt and xtr spd pedals that I've used in the past but at a fraction of the cost. The area I live in is very rocky and I got tired of buying expensive pedals, only to bash them on a rock and break them. I started using the Wellgo pedals several years ago and they have never let me down. I think the WAM-717 are the best of the bunch and have proven to be durable and long lasting. I have tried a couple of the other models like the MO94 or the W-01 but they seem to wear out after a thousand miles or so. The thing I like about all three models is that they are compatible with shimano 51 cleats and the wellgo 98a cleats will work in any pedal that uses shimano 51 cleats. That means I can have one pair of shoes with one pair of cleats and use them in all my shimano and wellgo pedals.