$10 at Target, or $15 for a more advanced one. The advanced one had lots of features we wouldn't use, except it did say it gave the temperature.
I set it to 1667mm as suggested in another post, and tested it. As far as I can tell, it works correctly. Just have to multiply the kp/h by 10 to get the RPM.
Anyhow, before I went through any trouble of climbing up onto my roof, I cut the wires and put a 500 foot spool of Cat-5e between the sensor and the computer. Tested again - same results. Yay!
I thought there'd be something fancy like the magnet creating voltage spikes that the computer measures. The very faint clicking sound tells me that it is a simple reed switch. The GOOD news about this is that if the sensor gets ruined by the elements, any Normally Open reed switch should work as a replacement. Surplus Center has them for about 2 bucks. As confirmation, I quickly shorted out the wires many times and saw the reading on the computer.
Now if I could just translate it into my ACTUAL computer easily (read: CHEAPLY) I would be all set!