Assuming the are going to college and plan on taking notes, I wish I had one of these when I was in school

http://www.livescribe.com/en-us/?gclid=CPGFrN207KUCFQwCbAodWlolng

If they already have an Xbox 360

Or if they like to take a lot of video… These work pretty well (HD too)..

http://www.theflip.com/en-us/Products/