Its a Chumby - an Internet connected, widget playing clock
Purchased on a bit of whim from Firebox here in the UK, the Chumby is actually one of the best gadgets i have ever bought. It sits by the bed and runs a series of 'widgets' that display the news, weather etc as well as linking to Internet enabled radio stations. We built a custom widget here at CASA called 'Aquarama' which basically puts a live stream from our office fish tank on the Chumby. I dont have a clip of the my actual Chumby yet, so the media is an overview.