Bones Reds bearings are the standard in skateboaridng, and it's not because they're average or middle of the road. Bones Reds bearings cost about as little as any bearing does, they're not ABEC rated, and yet they are known by all skaters as the best bearing out there when cost/quality is considered. [album=Bones_Reds][/album]
They have got removable rubber shields, and come pre-lubricated with Bones Speed Cream. They run great as soon as you put them on and stay that way. They're durable, they're fast, and they're made in China so they're very well priced.
For those wondering about speed of these things since they're not ABEC rated, spare yourself the time and go out and buy them to see for yourself. I've noticed very little difference between Reds and other high quality ABEC rated bearings. For vert skaters, where bearing speed (friction) is much more of a factor, and durability not, it may make sense to look elsewhere.
For this kind of price and quality, you may never even want to consider another bearing. Defenitly look into Bones Reds, they're the industry standard with an overall excellent bearing at a great price.