SDI Technologies, the company that brings you the iHome line of iPod speaker systems and clock radios, also has a licensing deal with Timex to create forward-thinking clock radios. The Timex TM 80BR, a clock radio that plays MP3 and WMA files from thumbdrives and SD memory cards, is one such model, and it's apparently going to be available very soon.
Aside from the SD slot, the flash drive port, and the included remote, there isn't anything terribly exciting about it. At its core it's just an inexpensive dual-alarm, AM/FM clock radio. But some people get excited about this sort of stuff.