I took a product design course at Art Center a couple years ago, and one of the projects I was given was to create a CD player. I thought it was interesting project because of the fact that CDs are basically becoming obsolete. The iPod/iTunes is definitely the choice of most young people these days, and I have a hard time seeing either of those going away anytime soon.
Anyway, what you see above is a CD player and MP3 player combined into one device, allowing you to keep your entire music collection with you at all times, but giving you the option to throw on a CD as well.
A very fun project, executed extremely well.