I like some of the Vtech toys. I bought my youngest a Vtech Marble Rush recently for his third birthday and we build a lot of stuff with it together.
My oldest son (8 now) got a toy laptop when he was around that age, and he learned shapes, counting, and letters with it. It's looks really beat up now, but it still works and it wasn't too annoying or stupid.
In general I don't think electronic toys for toddlers are a good idea. But those two things from Vtech turned out to be allright.