Open Source Guitar Pedal.

This is a must have!
Just read about it on the MAKE blog.
Super cool. You can customize your own effects. Exactly what i want to encorporate into my rig without having to use my laptop.
Pure dope.

Here's some information on the device that he calls coyote-1.

LINK

Technical Design

The device comes with all the software, and projected price is going to be roughly $300 USD. Which is not much considering that you get all this open source madness..

I'm definately getting one.