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Audioengine 2 powered speakers

Third-generation iPad

Sony PS Vita

Logitech Wirless Boombox for iPad

Bowers & Wilkins P5 Mobile HiFi Stereo Headphones

Sony PlayStation 3 Slim

Xbox 360

Google Nexus 7

We like the more powerful -- and expensive -- Audioengine 5+ speakers, but have always had a soft spot for the smaller and more affordable Audioengine 2 speakers, which come in white and black and retail for $199.
Caption by / Photo by Audioengine
The new iPad starts at $499 for the Wi-Fi 16GB model. Ideally, you'd probably want to go with the 32GB model, but hey, if you only want to spend $500, let the kid bring the iPad back to an Apple Store and upgrade it to whatever capacity he or she wants (as long as he or she pays for it).
Caption by / Photo by Apple
The Vita offers a true next-gen gaming experience in the palms of your hands. It's somewhat pricey, but grads won't care too much about that if you're paying for it. Just don't forget to pick up a memory card when you buy it.
Caption by / Photo by Sarah Tew/CNET
Logitech's Wireless Boombox for iPad is a portable -- and affordable -- Bluetooth speaker that also happens to sound good. Though its name implies that it's designed for the iPad, it also works with any Bluetooth-enabled smartphone or tablet.
Caption by / Photo by Logitech
B&W's P5 headphones may not offer active noise canceling, but they sound sweet, are very comfortable, and have a standout design.
Caption by / Photo by Bowers & Wilkins
Sure, Sony may announce a new PlayStation next year, but the versatile PS3 Slim, with its built-in Blu-ray player, remains a relative bargain at $250. What kid wouldn't want one in his or her dorm room?
Caption by / Photo by Sarah Tew/CNET
Some gamers prefer the PS3, others prefer the Xbox 360.
Caption by / Photo by Sarah Tew/CNET
Currently, our top rated 7-inch tablet. Splurge and get the 16GB version.
Caption by / Photo by Josh Miller
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