There it is: the inaugural version of LeBron James’ new Nike sneaker — the “LeBron 8 South Beach.”

According to the Associated Press, the kicks were unveiled Saturday by LeBron, at a Miami event where the two-time NBA MVP spoke to 100 children about the upcoming Heat season and what went into designing his eighth signature sneaker. (Um, one part Florida Marlins, one part Miami Dolphins, one part “Miami Vice”?)

Other color schemes, including ones featuring the Heat red and black, are expected to drop later this month.

It retails for $160.

So what do you think? Will you be taking your foot’s talents to South Beach? Let’s hear it.

And oh, check out Sneaker Obsession for more photos and video.

UPDATE: LeBron just tweeted this pic: