1. Parrot AR.Drone

Price: $300
Watch Video Demonstration: Click Here

Yes, it costs as much as an Xbox 360, but Parrot's AR.Drone is very worth the cost of entry. The only quadricopter that can be controlled via iPhone, iPad, or iPod Touch, it's also the most high-tech toy on this list. Thanks to a built-in wi-fi sensor, you don't need to add any dongles to your iOS device. The coolest part of the Drone, however, comes courtesy of its on board cameras that allow you to see exactly what the Drone would see and play a series of downloadable augmented reality games.