The current state of Open Source Hardware 2008 - over 60 projects
blog.makezine.com
blog.makezine.com
MAKEcontroller - read a lot about it. Seems it's very easy to program than the Arduino.
Reprap 3D printer (these guys have a very good parts list page which mentions different vendors and also generates a shopping cart for you in the respective vendor's website. So it shouldn't be easy to buy and make it if you have the time and money)
Damn! I wish I wasn't a no-buck-making student anymore. Everytime I look at these stuff, I wanna start making a lot of money to buy and tryout all these stuff and build something... something that's atleast half-good as an IronMan suit.
1) Megasquirt automotive ECUs
2) GNU Radio software defined radio companion hardware
Both fairly esoteric or not generically applicable. I'm glad to see Arduino is becoming so popular -- a lot of people that would have otherwise never learned anything more technical than Adobe Flash are picking up Processing/Wiring/Arduino and making some pretty neat stuff.
There must be reasons to it: software is more easily controllable (you can do everything by the keyboard), software scales more easily (hardware needs factories for mass-production), and inertia of thinking (powered from the previous reasons)
I think that many interesting upportunities utilising the hardware technologies remain unexplored.
Many of the hardware projects, and definitely most of those listed in the original post, can be built with that much worth of parts.
EDIT: But that's just the prototype. After that, you need to build the real product (scale, hardware needs factories for that) and sell it (again easier with software). But this doesn't mean we should only do software because it's easier; otherwise we would be like the proverbial drunkard who kept seeking for his money under the lamppost, because it's brighter over there.