Nic Sims with Specialized shows off the 2009 Transition S-Works time trial / triathlon bike.  The video pretty much says it all, except mentioning the seatpost.  There are two positions for the seat clamp, allowing quite a bit of fore-aft adjustment so you can position yourself just right to go fast.  Click “more” to see a nice clean photo of the bike from the indoor expo.
Complete bike above.  Below is a closeup of the seatpost, showing the reversible silver insert that allows you to position the seat further forward.