It does exactly that. The Powerpod will take a direct force measurement of power then using your speed, wind, incline and acceleration, calculate real-time CdA. It records all data internally for download at the end of a ride.
It will also transmit this value over the open ANT+ protocol. Garmin does not yet read this, so you can’t see it until you load the ride into their Isaac software (which is very impressive).
Cool, eh? That’s my next step 8)
Without the DFPM, it needs to know the CdA, and that is generic – so road hoods, road drops, TT. It can estimate it from a calibration ride too using a rather neat algorithm.