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M_V
Later than that (between about 84 and 94, Shimano went through a clips-n-straps pedal with a semi-locking cleat [7400], a licensed Look copy with decent bearings [7401], SPD with cleat pontoons for road racing [7410] and SPD-R [7700] in quick succession). The reason why people have stuck with SPD-R is not that they couldn't afford to modernise, or that they like the retro look, it's that SPD-R was and is the apogee track clipless.