I have a 295. I like it and use it a lot. I spoke with Garmin though and they said that although the 295 has a better screen (colour) the processor in the 196 is a lot better and technicaly, it's a better unit (and cheaper).
Question: Is the six pack accurate? I mean, if you lost your vacuum pump, could you rely on the horizon on the 196? Does it work from the GPS inputs, or does it have a pietzo gyro in it?
That would definately be a deciding factor for me.